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Dangote Refinery Insists Petrol Will Hit Local Market In August - Politics - Nairaland

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With Functional Refineries, Petrol Will Sell For Less Than ₦‎200 – IPMAN / Petrol Will Be Available In Two Weeks – IPMAN / Without Subsidy Petrol Will Cost ₦462/litre, Says NNPCL (2) (3) (4)

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Dangote Refinery Insists Petrol Will Hit Local Market In August by Omooba77: 10:09pm On Aug 12
We said August, and today is 12 August. Just wait, this is August,” an official said.

Dangote Refinery has insisted that Premium Motor Spirit (PMS), popularly known as petrol, refined at the refinery, will hit the market by August.

The company’s Group Chief Branding and Communications Officer, Anthony Chiejina, disclosed this to PREMIUM TIMES in an interview on Monday.

The response came amid concerns over the earlier announcement that the refinery would commence domestic supply by mid-August.


When asked why the refinery is yet to commence domestic supply at its stipulated date of 12 August, Mr Chiejina said, “We said August, and today is 12 August. Just wait; this is August.”

Over the months, the company had set dates for its domestic petrol supply, but the timelines were unmet.


In June, the President of Dangote Group, Aliko Dangote, said petrol, refined at the refinery, will hit the market in July.

Mr Dangote, who disclosed this when he received a Senate delegation led by Senate President Godswill Akpabio on a tour of the facility, explained that the date change was because of a delay that prompted the shift from the initially proposed date of June to mid-July.

“We had a bit of delay, but PMS will start coming out by 10 to 15 of July. But then, we want to keep it in the tank to make sure that it settles. So by the third week of July, we’ll be able to come out to take it into the market,” Mr Dangote said at the time.

Again, in July, Mr Dangote said petrol production in the refinery was disrupted because of the fire incident at the refinery.


“PMS was supposed to be out by July, but we had a fire incident. The incident disrupted us for a few days, but latest 10 or 12 of August, PMS will be ready,” Mr Dangote said while addressing journalists at the refinery at the time.

The refinery
The 650,000 barrels per day Dangote Petroleum Refinery commenced diesel and aviation fuel production in January.

Announcing the commencement of production, the company said the refinery had received six million barrels of crude oil at its two SPMs 25 kilometres from the shore.


The first crude delivery was done on 12 December 2023, and the sixth cargo was delivered on 8 January.

The company made a further move towards the commencement of the production of refined petroleum products with the receipt of an additional one million barrels of bonny light crude supplied by the Nigeria National Petroleum Company (NNPC Ltd).

The company commenced supplying petroleum products to the local market in April.

Background
In recent months, the Dangote Group and the petroleum regulators in Nigeria have been at loggerheads over the control of the petroleum downstream market.

In June, the Dangote Group accused some international oil companies of sabotaging the plant’s operations by refusing to supply crude or offering oil at higher premiums than market prices.

It also clashed with the regulators of the Nigerian energy industry, including the Nigerian Midstream and Downstream Regulatory Authority, which claimed diesel from the refiner has sulphur content levels above the allowed threshold. The regulators also accused Dangote of seeking to be a monopoly.

In refuting the allegation, Mr Dangote took lawmakers visiting the refinery to a laboratory within the plant, where diesel from the refinery was tested alongside two different imported samples.

The results showed that the refinery’s diesel sample had much lower sulphur than the imported ones.

Last month, the Federal Executive Council (FEC) directed NNPC Ltd to engage the Dangote refinery and other local refineries to resolve the dispute over the sale of crude oil to them.

The FEC, presided over by President Bola Tinubu, also directed that such crude oil sales to the refineries be made in naira and that the refineries located in Nigeria should also sell their refined products to the Nigerian market in naira.

.
https://www.premiumtimesng.com/news/723524-dangote-refinery-insists-petrol-will-hit-local-market-in-august.html

7 Likes

Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by Richtaiwo: 10:12pm On Aug 12
Long live Aliko Dangote
Long live the President
Long live Lagos State
Long live SW SS NW NE and NC.

41 Likes 6 Shares

Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by Koralords: 10:14pm On Aug 12
Anytime he like make he begin sellt fuel he no concern me

2 Likes 2 Shares

Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by yesloaded: 10:15pm On Aug 12
We are waiting
Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by iwaeda: 10:16pm On Aug 12
Omooba77:
We said August, and today is 12 August. Just wait, this is August,” an official said.
ByMary Izuaka August 12, 2024 Reading Time: 2 mins read
Dangote Refinery has insisted that Premium Motor Spirit (PMS), popularly known as petrol, refined at the refinery, will hit the market by August.

The company’s Group Chief Branding and Communications Officer, Anthony Chiejina, disclosed this to PREMIUM TIMES in an interview on Monday.

The response came amid concerns over the earlier announcement that the refinery would commence domestic supply by mid-August.



When asked why the refinery is yet to commence domestic supply at its stipulated date of 12 August, Mr Chiejina said, “We said August, and today is 12 August. Just wait; this is August.”


Over the months, the company had set dates for its domestic petrol supply, but the timelines were unmet.


In June, the President of Dangote Group, Aliko Dangote, said petrol, refined at the refinery, will hit the market in July.

Mr Dangote, who disclosed this when he received a Senate delegation led by Senate President Godswill Akpabio on a tour of the facility, explained that the date change was because of a delay that prompted the shift from the initially proposed date of June to mid-July.

“We had a bit of delay, but PMS will start coming out by 10 to 15 of July. But then, we want to keep it in the tank to make sure that it settles. So by the third week of July, we’ll be able to come out to take it into the market,” Mr Dangote said at the time.

Again, in July, Mr Dangote said petrol production in the refinery was disrupted because of the fire incident at the refinery.


“PMS was supposed to be out by July, but we had a fire incident. The incident disrupted us for a few days, but latest 10 or 12 of August, PMS will be ready,” Mr Dangote said while addressing journalists at the refinery at the time.

The refinery
The 650,000 barrels per day Dangote Petroleum Refinery commenced diesel and aviation fuel production in January.

Announcing the commencement of production, the company said the refinery had received six million barrels of crude oil at its two SPMs 25 kilometres from the shore.


The first crude delivery was done on 12 December 2023, and the sixth cargo was delivered on 8 January.

The company made a further move towards the commencement of the production of refined petroleum products with the receipt of an additional one million barrels of bonny light crude supplied by the Nigeria National Petroleum Company (NNPC Ltd).

The company commenced supplying petroleum products to the local market in April.

Background
In recent months, the Dangote Group and the petroleum regulators in Nigeria have been at loggerheads over the control of the petroleum downstream market.

In June, the Dangote Group accused some international oil companies of sabotaging the plant’s operations by refusing to supply crude or offering oil at higher premiums than market prices.



It also clashed with the regulators of the Nigerian energy industry, including the Nigerian Midstream and Downstream Regulatory Authority, which claimed diesel from the refiner has sulphur content levels above the allowed threshold. The regulators also accused Dangote of seeking to be a monopoly.

In refuting the allegation, Mr Dangote took lawmakers visiting the refinery to a laboratory within the plant, where diesel from the refinery was tested alongside two different imported samples.

The results showed that the refinery’s diesel sample had much lower sulphur than the imported ones.

Last month, the Federal Executive Council (FEC) directed NNPC Ltd to engage the Dangote refinery and other local refineries to resolve the dispute over the sale of crude oil to them.

The FEC, presided over by President Bola Tinubu, also directed that such crude oil sales to the refineries be made in naira and that the refineries located in Nigeria should also sell their refined products to the Nigerian market in naira.

.
https://www.premiumtimesng.com/news/723524-dangote-refinery-insists-petrol-will-hit-local-market-in-august.html

Nlfpmod, they said, they did not say August 12 again, let's wait for 19 more days. grin grin grin grin cry cry

9 Likes

Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by Richtaiwo: 10:18pm On Aug 12
Openbook2:
He's not even straight forward
Pain, is that you?

5 Likes

Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by Ikaeniyan0: 10:39pm On Aug 12
I know someone who work at the refinery, he said it will start operating in 2028

4 Likes 1 Share

Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by bigpicture001: 10:41pm On Aug 12
It's because an of Dangote dat fuel has increased...the importers don't want to lose to cheap Dangote fuel which will flood the market soon

1 Like

Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by Richtaiwo: 10:45pm On Aug 12
Ikaeniyan0:
I know someone who work at the refinery, he said it will start operating in 2028
Lies. From a reliable source, the refinery will start operating in 2082.

6 Likes

Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by iwaeda: 11:02pm On Aug 12
Richtaiwo:

Lies. From a reliable source, the refinery will start operating in 2082.

grin cheesy grin
Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by ROTTWEILER007: 5:44am On Aug 13
Omooba77:
We said August, and today is 12 August. Just wait, this is August,” an official said.



.
https://www.premiumtimesng.com/news/723524-dangote-refinery-insists-petrol-will-hit-local-market-in-august.html
tell us something else
Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by emmansan: 5:45am On Aug 13
Another month another bgosa

2 Likes

Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by JikSneh: 5:46am On Aug 13
Lies, stop deceiving the people.......only Ronu yaríbandits will believe this

5 Likes

Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by Apctinubulamba: 5:47am On Aug 13
Ohhhh my Godddd , Another monthly Lamba from this Dangote refinery grin grin grin grin grin grin
This Lamba people again grin grin grin cheesy cheesy cheesy

11 Likes 3 Shares

Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by kennyz247(m): 5:48am On Aug 13
We wait
Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by theophorus(m): 5:49am On Aug 13
We dey wait.
Make Fuel Sha come down make he cheap say like #67 per litre.
Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by UKEMY(m): 5:51am On Aug 13
I'm just scared but Dangote should give us Price Range he wants to Sell his Petrol and hope his price won't be as High as the Imported one and FG also should flood petrol from Port Harcourt Refinery
Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by mdingha(f): 5:52am On Aug 13
Is this going to reduce the cost of fuel?
Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by McDoe(m): 5:53am On Aug 13
Beautiful. All hands must be on deck to promote and support this powerful venture. It is our own and everyone must get involved.

Negativities to the trash

1 Like

Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by AntiChristian: 5:54am On Aug 13
grin

Baba is moving on...
Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by Oluwadare316(m): 5:54am On Aug 13
Richtaiwo:

Lies. From a reliable source, the refinery will start operating in 2082.
Haha😄
Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by IBB007: 5:55am On Aug 13
lol…make we see how much he wan sell am first before we talk
Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by malali: 5:56am On Aug 13
He has 3 options going forward.

1- Buy a huge stake in an Oil and gas exploration and production company. Or look for one and do a merger give them 2-5 % ownership of your refinery.Thus you have direct access to crude oil 24/7

2-Bleep

3-XXXX

The other two, i wont say it just yet.
Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by Promismike(m): 5:59am On Aug 13
Ok
Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by olatade(m): 6:00am On Aug 13
Is the refinery aware?

4 Likes

Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by 2ndchildhood(m): 6:01am On Aug 13
Richtaiwo:

Lies. From a reliable source, the refinery will start operating in 2082.
abeg oo

1 Share

Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by COMPAQ(m): 6:01am On Aug 13
bigpicture001:
It's because an of Dangote dat fuel has increased...the importers don't want to lose to cheap Dangote fuel which will flood the market soon

Cheap fuel how? Ok o we will soon see.
Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by COMPAQ(m): 6:03am On Aug 13
UKEMY:
I'm just scared but Dangote should give us Price Range he wants to Sell his Petrol and hope his price won't be as High as the Imported one and FG also should flood petrol from Port Harcourt Refinery

All this talk of flooding the market is childish talk. At the end of the days a product cannot be sold before the first of production, except there is a subsidy.
Re: Dangote Refinery Insists Petrol Will Hit Local Market In August by KingOfTheDamned: 6:05am On Aug 13
Richtaiwo:
Long live Aliko Dangote
Long live the President
Long live Lagos State
Long live SW SS NW NE and NC.

Waazaga!! Never mention the SS in your tribalistic infested mouth again.

Yoruba tribalist!! STOP Joining THE SS WITH YOUR RUBBISH!!

We are not your allies in tribalism!! Stick to mentioning the SW and North alone!!!! Even the North have rejected you people 🤣🤣

Waazaga!! Wagbe oo!!! Ozuor!!!

Who sends SW here?!!! Keep the SS out of your mouth!!
We never accepted you or Tinubu!!

As long as you keep drawing the Niger delta into your nonsense tribalism with the SE we will keep disgracing you!

Edo no be Lagos!! We have always rejected you and Tinubu! And will continue to do so

God bless the SS, SE, North and NC !!

Waazaga!!!! Ozuor!!! Wagbe O!!

May Ogun continue to curse the tribe or region that has nothing to offer Nigeria but tribalism and hate.

They only seek to turn brother against brother for their selfish gains.
May Ogun continue to curse all their descendants.

Ozuor. I didn't call your name but if your tribe does such na una know.

Speak up against such because silence is consent..

You never see their tribe members calling this stupidity to order.

I have never seen such a toxic wicked evil tribe in my life. A tribe that only seeks pain of others.
Even in the midst of suffering of all Nigerians the only thing they think of is to bully another tribe because that tribe won't respond?

Aha. No now.
Waazaga!!! angry

11 Likes

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