Edwin Devakumar, the head of the Dangote refinery, stated on Monday that the refinery, which is the biggest in Africa, may start running at full capacity in 30 days.
DAILY POST recalls that the 650,000 barrel-per-day refinery built by Nigerian billionaire Aliko Dangote in Lagos began processing crude into products, including diesel, naphtha, and jet fuel, in January last year and started processing petrol in September.
The refinery aims to compete with European refiners when operating at full capacity but has been struggling to secure sufficient crude locally.
Devakumar said it was currently operating at 85 percent capacity and “we can go 100 percent in 30 days.”
Recall that last year, the refinery turned to importing crude after it was unable to secure sufficient volumes despite an agreement with the Nigerian government to buy crude in the local naira currency.
According to the oil regulator, it has asked for 550,000 bpd of crude for January-June this year from oil producers in Nigeria.
The oil regulator has also said it would block export permits for oil cargoes from producers who fail to meet their stipulated supply quota to local refineries.
The Dangote Oil Refinery is exploring new markets for its refined products.
Founder Aliko Dangote told a group of Nigerian professionals who visited last week that it was sending two cargoes of jet fuel to Saudi Aramco as part of its plans to expand.
“We are looking at all the markets right now,” Devakumar said.
Written By Matthew Atungwu