Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Dangote Plans Fuel Exports To Europe, Others
Quote:Femi Asu

Dangote Group has said it plans to export petroleum products from its refinery to Europe , South America , West Africa and Central Africa .

The company stated this on Sunday during a visit by a delegation led by the Minister of State for Petroleum Resources , Chief Timipre Sylva, to the refinery site in Lagos .

The Executive Director , Strategy , Capital Projects and Portfolio Development, Dangote Group , Devakumar Edwin , said products from the refinery , with a capacity to process 650 ,000 barrels per day , could be marketed anywhere in the world .

He said, “ It is one of our targets to take diesel to Europe . Our equipment is already being designed to do this . We can take surplus petrol to South America , apart from West African countries and Central African countries . That is why decided to go for Euro V .

“ The refinery can handle all the Nigerian crude grades and all the African crude grades , as well as some of the Middle East grades and the US light oil . ”

According to him, the refinery can meet 100 per cent of the Nigerian requirements of all the liquid products and will have surplus to export.

The minister , after the tour of the project , said, “ This is one of the impressive projects, if not the most impressive project , we have seen done by a Nigerian. It is a very encouraging development , and for us as government , we have also resolved to support this project fully .

“ In terms of support , it will be in the areas of feedstock and off -take . Government will guarantee some of these things . But all these will come out of discussions with the President of Dangote Group. Once they put their needs on the table , we will look at them and see how to narrow the gap .”

The President , Dangote Group, Aliko Dangote , said, “ We believe in Nigeria , and if we don ’t do it by ourselves , nobody will come down here and do it for us. Nigeria is actually supposed to feed the entire West and Central Africa and that is what we are trying to do . That is why went for this massive capacity .”

[Image: 10506674_images77_jpeg0bbfc4bf4025f12e8aa3858b8a2ad88e]


Possibly Related Threads...
Thread Author Replies Views Last Post
  Global adoption of LNG as marine fuel rises over IMO 2020 Edoman 0 75 01-04-2020, 03:21 PM
Last Post: Edoman
  Border Closure: Ibrahim Ciroma Says Fuel Consumption Dropped By 70% In Adamawa Edoman 0 96 12-21-2019, 11:04 AM
Last Post: Edoman
  Dangote Refinery Installs Largest Single Crude Distillation Column - Pictures Edoman 1 72 12-20-2019, 11:36 PM
Last Post: Edoman
  NNPC, NSCDC officials siphoned fuel day before pipeline explosion – Suspect Edoman 0 125 12-07-2019, 02:42 PM
Last Post: Edoman
  Nigeria Spends N60.37 billion on Fuel Subsidy in November Edoman 0 153 12-02-2019, 03:38 PM
Last Post: Edoman
  CBN targets $4bn non oil exports revenue in 2020 Edoman 0 94 12-02-2019, 11:01 AM
Last Post: Edoman
  Fuel Scarcity Hits Katsina Borders, Litre Goes For N250 Edoman 0 127 11-17-2019, 01:45 PM
Last Post: Edoman
  Fuel Scarcity Hits Ogun, Lagos, Adamawa Borders, Petrol Sells For N600 Per Litre Edoman 0 120 11-12-2019, 12:03 PM
Last Post: Edoman

Users browsing this thread: 1 Guest(s)