Petrol Exports Hit One Million Tonnes in 50 Days — Dangote

Aliko Dangote, President of the Dangote Group, says Nigeria has turn out to be a web exporter of refined petroleum merchandise, along with his refinery delivery about 1 million tonnes of Premium Motor Spirit (PMS) in lower than two months.

Speaking on the Global Commodity Insights Conference on West African Refined Fuel Markets on Tuesday, July 22, Dangote stated, “Today, Nigeria has truly turn out to be a web exporter of refined merchandise.

“Before I came on the podium, I asked my people how many tonnes of PMS we have actually exported. From June beginning to date, we have exported about 1 million tonnes of PMS, within the last 50 days.”

The convention was hosted by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in collaboration with S&P Global Insights.

READ ALSO: Reps Set to Probe Refineries After Dangote’s Doubts, Sale Fears

His remarks come amid lingering issues over petrol provide throughout Nigeria, with many questioning the refinery’s capability to fulfill native demand.

Despite this, gasoline entrepreneurs proceed to import petrol into the nation, at the same time as Dangote’s refinery exports it overseas.

The billionaire industrialist additionally confirmed that the refinery has begun exporting aviation gasoline to locations together with Europe and Saudi Arabia.

Speaking on broader growth plans, Dangote added that his cement enterprise goals to export $500 million value of cement and clinker by 2027, noting {that a} comparable export-focused technique is now being utilized to petroleum refining.

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