HighlightOil & Gas

Dangote Refinery set to flood Nigeria with 25m litres of petrol daily

"NMDPRA disclosed that it met with the Nigerian National Petroleum Company Limited (NNPC Ltd) to agree on local crude supply, and the supply will rise to 30 million litres from September"

304

The Dangote Oil Refinery will supply a total of 25 million litres of petrol to the Nigerian market daily starting from this September, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

In a terse statement on Tuesday on its official X handle, NMDPRA disclosed that it met with the Nigerian National Petroleum Company Limited (NNPC Ltd) to agree on local crude supply, and the supply will rise to 30 million litres from September.

“At the NMDPRA headquarters in Abuja, NNPCL reached an agreement to commence crude oil sale and supply to Dangote Refinery in local currency.

“The refinery is now poised to supply an initial 25 million litres of PMS into the domestic market this September. And will subsequently increase this amount to 30 million litres daily from October 2024,” the NMDPRA said on its X page.

Earlier, Alhaji Aliko Dangote had officially announced the commencement of petrol production at the refinery.

He commended President Bola Tinubu’s administration for creating the conditions that allowed the refinery to complete this monumental task.

The business mogul spoke at a media briefing on Tuesday that the refinery would “fuel growth, development, and prosperity by supplying energy to our people.”

Leave a comment

Related Articles

Rivers CP Tunji Disu is FCT Police Command’s new boss, takes over from two-day old CP

Barely two days after Mr. Peter Opara was named the Federal Capital...

Just in: Ex-Gov. Yahaya Bello is not in our custody—EFCC

The Economic and Financial Crimes Commission (EFCC) has said that Mr. Yahaya...

CBN Reintroduces Cybersecurity Levy

After it was rejected in May by Nigerians, the Central Bank of...

Exclusive: Corruption index: ICPC rates NFF high in promoting integrity, transparency, accountability – Obi

The Ibrahim Gusau-led Nigeria Football Federation’s (NFF) rating on the Independent Corrupt...

FCT tremor: Don’t panic, NGSA tells residents

The Nigerian Geological Survey Agency (NGSA) has reassured residents of the Federal...

Economic hardships: Take immediate action now, getting out of hand, ex-Head of State urges Tinubu

Worried by the worsening economic situation in the country, a former Head...

No excuses, you must end banditry, retired Gen. Danjuma tells CDS Musa

A retired Army general and one-time Chief of Army Staff, Theophilus Danjuma,...

UK unveils £1.9m tech boost for Nigeria, Ghana

The UK government has announced a £1.9 million investment to boost economic...

Tinubu appoints Amachree as Director of Energy Security

President Bola Tinubu has approved Mr. Ojukaye Flag Amachree’s appointment as Director...

NNPC Ltd/TotalEnergies’ $550m Ubeta upstream gas project takes off

The Presidency has announced the take-off of the $550 million upstream gas...

Just in: UN announces $6m aid for Borno flood victims

The Humanitarian Coordinator in Nigeria for the United Nations (UN), Mr. Mohammed...

Aftermath of devastating floods, Pres.Tinubu visits Borno, commiserates with victims

President Bola Tinubu on Monday evening in Maiduguri, the Borno capital to...

Nigeria’s inflation rate drops to 32.15% – NBS

Nigeria’s inflation rate has dropped to 32.15% in August from 33.40% in...

FCT, Abia, Lagos, Ebonyi, Akwa Ibom get new police commissioners

The Police Service Commission (PSC) has announced the appointment of a new...

Nigerian Army visits Ojukwu’s bunker, other civil war heritage sites in Anambra

By Emmanuel Ndukuba, Awka Maj.-Gen. John Sokoya has led the Nigerian Army...

Manchester United ease pressure on Ten Hag with 3-0 win at Southampton

Manchester United secured a much-needed 3-0 win at Southampton to alleviate the...

Nigeria places third in Africa’s generosity rankings

The World Giving Index 2024 has ranked Nigeria third among African countries...

Just in: Trapped UNIBEN students rescued from collapsed three-storey hostel building

Students of the University of Benin in Edo State who were trapped...

Reprieve for Nigerian nurses, midwives abroad as Nursing Council reopens portal for credential verification

The Nursing and Midwifery Council of Nigeria (NMCN) has reopened its website...