Dangote Oil Refinery’s highly anticipated foray into the petrol supply market in July could be delayed due to a shortage of crude oil, industry sources have revealed.
The 650,000 barrels per day (bdp)-capacity refinery, located in Lekki, Lagos, was slated to begin operations this July, aiming to significantly reduce Nigeria’s reliance on imported petrol.
However, concerns are mounting that a lack of readily available crude oil could hinder Dangote’s ability to meet its petrol refining targets.
“The refinery is yet to receive the required volumes of crude oil needed to refine PMS for the July takeoff,” a source in the oil trading business said via phone.
Peoplesmind