The Nigerian National Petroleum Company Limited, NNPCL trucks have lifted Premium Motor Spirit, otherwise known as petroleum from Dangote Refinery for the first time on Sunday.
Sunday was earlier fixed as a day of commencement of lifting of petrol following resolution by the 650 bpd Dangote Refinery and the NNPCL. The Federal Government said, the NNPCL will be the sole buyer of petroleum from the Refinery.
Dangote Group on its X handle showed array of trucks lifting fuel from the refinery at Ibeju-Lekki, Lagos State on Sunday.
Also, the Vice President of Oil and Gas at Dangote Industries Limited, Mr Devakumar Edwin described the commencement of oil lifting as a very exciting moment, saying that every Nigerian should be proud.
He said, “My President has been showing presentations that 52 years ago, we were trying to see how to solve the problem of PMS supply and the queues. Now, after 52 years, we have a solution. And the solution is local production of PMS and it is from a Nigerian oil company. And as EPC contractor, it was constructed by a Nigerian company. So, it’s a matter of pride that a Nigerian oil company, constructed by a Nigerian-owned company, is able to generate PMS from the local crude and daily will not only to meet the entire requirement of Nigeria, but can also have surplus to export. So, it is a time and moment of great pride to every Nigerian.”
Reacting to a question on the capacity of the refinery to meet the daily PMS requirement of the country, Edwin said 44 per cent of the PMS production from the Dangote refinery can meet the requirement of the entire country.
“If you look at the refinery as a whole, PMS alone, every day, 650,000 barrels of crude if we’re processing, we can generate more than 54 million litres of PMS. And, of course, the refinery has the capacity to produce various other products too. 44% of the production can meet the entire requirement of the country, 56% of the production has to be exported. So, it is a huge refinery. So, it is not only going to be doing import substitution, but it is also going to make Forex generation through export revenue.
“The gantries are actually 86. and it can load 86 trucks at a go,” he said.
