Dangote Refinery is increasing its production of Premium Motor Spirit (PMS), commonly known as petrol, with plans to supply the local market starting in August. This information comes from a company report obtained by Nairametrics on Sunday. According to the report, the refinery will begin producing PMS this month, and local sales will follow in August.
Initially, the $19 billion refinery will operate at 500,000 barrels per day (bpd), which translates to around 15 cargoes per month. The goal is to reach its full capacity of 650,000 bpd by the first quarter of 2025. The report outlines the refinery’s production milestones, including the completion of a trial run in January 2024, steady-state production starting in March 2024, and ramping up to 500,000 bpd by August, 550,000 bpd by the end of the year, and 650,000 bpd by early 2025. Gasoline production will commence in July, with sales starting in August.
Additionally, the refinery boasts a reserve capacity of 600 million liters of petrol, making it one of the largest in the world. It also has a potential capacity of 340 million liters for diesel and 480 million liters for jet fuel. Overall, the refinery holds a reserve capacity of 4.74 billion liters of petroleum products, serving as a secondary national reserve.
Nairametrics previously reported that once the Dangote refinery reaches full operational capacity, it will supply petroleum products to various African countries, as well as Brazil and the Caribbean. This significant capacity will not only make Nigeria self-sufficient in energy but also compete with the European fuel import market in Africa.