The Nigerian National Petroleum Company Limited (NNPCL) is to begin supply of 300,000 barrels of crude oil per day as Dangote Refinery begins operations next week; this was made known by Mele Kyari, the Chief Executive Officer of NNPCL on Thursday.

He also urged all stakeholders to join forces to develop Nigeria’s crude oil and gas industry. According to him, 48 percent of net sales that goes to the government were from the oil and gas sector, and it is in a good position to ensure that the economy thrives.

As Dangote Refinery is scheduled to be inaugurated on May 22, the Presidential aide, Bashir Ahmed, tweeted that the inauguration would be done by the President, Major General Muhammadu Buhari (retd.).

Dangote Refinery is a $19 billion, 650,000bpd refinery in Lekki Free Zone (LFZ), Nigeria. It’s Africa’s biggest and the world’s largest single-train refinery.

The company stated on its website that it will create a market for $21 billion per year of Nigerian crude. The refinery is designed to process Nigerian crude, but it can also process other crudes.

The announcement that the facility would be inaugurated on May 22 excited and raised expectations among Nigerians, industry operators, government officials, and other stakeholders.

Dangote Refinery will end PMS scarcity and improve supply of other petroleum products, says Chief Ukadike Chinedu, IPMAN.

Moralist Festus
Moralist Festus
Moralist Festus is a writer, journalist, and newswriter at Business World Africa, where he focuses on delivering Business News in Africa. Also, he has keen passion for artificial intelligence, and philosophy.

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