The Dangote Petroleum Refinery has announced plans to export its Premium Motor Spirit (PMS), commonly known as petrol, if the Nigerian National Petroleum Company (NNPC) and other local petroleum marketers do not purchase it.
Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries, made this statement during an appearance on the Brekete Family live show on Monday. Edwin confirmed that the refinery has begun producing petrol, adding that local oil traders have been importing diesel and aviation fuel, hindering domestic sales of Dangote’s products.
“We have started producing PMS as of Sunday,” Edwin said. “However, due to local market resistance, we have been exporting our products, including aviation fuel and diesel. If the NNPC or other traders do not buy our petrol, we will be forced to continue exporting it.”
The refinery, which initially aimed to add value to Nigeria’s crude oil by refining it locally, has faced significant challenges, including difficulties in securing sufficient crude oil supply. As a result, the refinery has had to import crude from countries like the United States and Brazil.
Despite these obstacles, Dangote Industries has continued operations, even constructing new storage tanks to accommodate imported crude. Edwin emphasized that the refinery is producing high-quality, low-sulfur petrol, meeting international standards.
While the refinery can sustain itself through exports, Edwin expressed disappointment that the refinery’s potential to serve Nigeria’s domestic market is being undermined by local market dynamics.
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