The President of Dangote Petroleum Refinery, Aliko Dangote, has said that the refinery will supply its refined products such as petrol, diesel and aviation fuel not only to the Nigerian market, but also export to other African countries once the refinery reaches full operation.
Dangote told a panel at the Africa CEO Forum in Kigali, Rwanda, on Friday, that the 650,000 barrels per day (bpd) refinery has the capacity not only to meet the local demands but also to export refined products to other African countries.
Africa’s richest man said that the refinery will have sufficient supplies of gasoline, diesel, and aviation fuel to meet the needs of the African continent and also to export to Brazil.
According to him, the next phase of the refinery will start early next year.
On his part, Chief Executive Officer of TotalEnergies, Patrick Pouyanne, said that the company has secured a deal with Dangote to supply crude oil to the $20 billion refinery.
Pouyanne told a panel that he met with Africa’s richest man, Aliko Dangote, and the company was able to persuade him to take the deal.
TotalEnergies is one of the major producers of crude in Nigeria alongside Shell and ExxonMobil.
The Dangote refinery was completed by Africa’s wealthiest individual, Aliko Dangote, with an investment of $20 billion.
The refinery, with a processing potential of 650,000 barrels per day, is the biggest in both Africa and Europe upon achieving full operational status, which is expected either this year or next.