The Dangote Petroleum Refinery is set to provide fuel to approximately 150,000 retail outlets operated by the Independent Petroleum Marketers Association of Nigeria (IPMAN). The decision follows a meeting between the refinery’s management and IPMAN executives.
IPMAN’s President, Abubakar Maigandi, confirmed the meeting’s success and announced that the refinery agreed to supply products to over 30,000 IPMAN members. The downstream oil sector regulator is currently examining the refined products from the facility before granting approval for fuel dispensing.
Seven major oil marketers, including 11 Plc, Conoil Plc, Ardova Plc, MRS Oil Nigeria Plc, OVH Energy Marketing Limited, Total Nigeria Plc, and NNPC Retail, have registered with the refinery for product lifting and distribution.
Dangote Petroleum Refinery began producing Automotive Gas Oil (diesel) and JetA1 (aviation fuel) on January 12, 2024. IPMAN’s President stated that the refinery would supply products to IPMAN’s 150,000 stations nationwide.
While the exact number of IPMAN members is around 30,000, Maigandi expressed optimism that Dangote’s production would address fuel scarcity once it enters the market.
Dangote Petroleum Refinery, located in Lagos, has received six million barrels of crude oil, with the ability to load 2,900 trucks per day. The products from the refinery meet Euro V specifications.
Regulatory approvals are pending, with the ministry officials currently examining the products. Aliko Dangote, the President of Dangote Group, stated that once regulatory approvals are received, the products will be available in the market by the end of the month.
The refinery, inaugurated in May 2023, faced delays in crude supply, but it started receiving one million barrels of crude in December 2023. The facility requires six million barrels to commence full-scale production. The meeting between Dangote refinery and IPMAN executives signals progress in providing fuel to a significant portion of the Nigerian market.