Amid feedstock challenges, the Dangote Group, owners of the Dangote Petroleum Refinery, will commence crude oil production in the first quarter of next year. The official noted that development would further ensure crude oil supply to the plant, stressing that efforts were ongoing to achieve this based on the target date. When probed to tell the cost of a litre of Premium Motor Spirit, popularly called petrol, produced by the Dangote refinery, the source declined. “I’ll tell you that (PMS price) next time, but know that crude oil production by Dangote is starting in the first quarter of next year,” the official stated. The other stakeholder in West African E&P is Nigerian upstream player, First E&P, which operates OMLs 71 and 72.

Source: Punch October 13, 2024 15:22 UTC