The President and Chief Executive Officer, of Dangote Group, Aliko Dangote has said the yet-to-be completed 650,000 barrels per day capacity refinery being constructed would be dedicated to the production of 344,500 barrels of petrol per day.
This translates to 53 per cent of the total production capacity.
Dangote disclosed this at the headquarters of the Nigerian National Petroleum Corporation (NNPC), according to a statement issued by the corporation’s Group General Manager, Group Public Affairs Division, Ndu Ughamadu.
Dangote also said that the group was not in competition with the refineries 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.
SOURCE: ripplesnigeria.com