Fifty three per cent of the production of the multi-billion dollars Dangote Refinery in Lagos will be dedicated to petrol when completed.
This translates to dedicating 344,500 barrels of its projected 650,000 barrels per day refining capacity to the production of petrol.
The President of Dangote Group, Aliko Dangote, at the headquarters of the Nigerian National Petroleum Corporation reported.
Dangote said that the group was not in competition with the refineries of owned by the corporation.
While the Dangote Refinery has a capacity to refine 650,000 barrels of crude oil per day, the consolidated capacity of the NNPC’s four refineries, according to the corporation’s latest operations report on its refineries, is 445,000 barrels per day.
However, the NNPC’s refineries for several years running had hardly delivered up to half their consolidated capacity in terms of crude oil refining.
The country’s refineries under NNPC management include Warri Refining and Petrochemical Company, two plants at Port Harcourt Refining Company and Kaduna Refining and Petrochemical Company.