Africa’s richest man, Aliko Dangote, says Dangote Refinery has secured license to refine more than 300,000 barrels of Nigerian crude per day and will begin to process petrol soon.
Dangote disclosed this in an interview on Saturday in Riyadh on the sidelines of the Saudi-Nigeria business roundtable being attended by President Bola Tinubu.
“We don’t want to start our refinery with foreign goods, we want to start with the Nigerian crude,” he said.
On the readiness of the refinery to release petrol, Dangote said: “We are more than ready and you will see our gasoline products soon.”
Responding to questions on the commencement of operations in the refinery after so much delays, the billionaire said “the refinery will start producing very very soon.”
Dangote said the 650,000 barrel-a-day facility — which is expected to produce 27 million litres of diesel, 11 million litres of kerosene and 9 million litres of jet fuel — will receive crude from other producers in Nigeria as well as the country’s oil company.
The refinery is in the Lekki free trade zone in Lagos.
Once it is fully up and running, it will turn oil powerhouse Nigeria into a net exporter of fuels, a long-sought goal for the OPEC member that is currently almost totally reliant on imports.