Dangote Refinery Seems Facing Challenges…see details

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CBN

The Dangote Refinery is facing challenges in selling approximately 29 tankers of diesel daily, primarily due to reduced demand from oil marketers.

 

The Vice President of Dangote Industries remarked that oil marketers currently acquire just 3% of the products from Dangote Refinery, as they are opting out due to the lower pricing.

 

CBN

He said, “As a result of this poor local patronage, the refinery exports most of its diesel and aviation fuel.”

 

Edwin previously stated that if the Nigerian National Petroleum Company Limited and other oil distributors in the country do not support Dangote Refinery, its products would be marketed for export instead.

 

“We have been exporting aviation fuel, we have been producing kerosene, we have been producing diesel, but yesterday, we started the production of PMS. So, that was the last stage. The only thing now left out is petrochemicals.”

 

(Imranmudhz)

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