Dangote Postpones Gasoline Supply Date to July

The Dangote Group, a leading conglomerate in Nigeria, has announced the postponement of its gasoline supply date to July. The initial target date for commencing supply was June, but the company has cited unforeseen challenges as the reason for the delay. According to a statement released by the group, the delay is due to global economic disruptions, logistics issues, and the impact of the COVID-19 pandemic on various supply chains. The group emphasized its commitment to delivering high-quality gasoline to the Nigerian market and expressed regret for any inconvenience caused by the postponement. The Dangote Group’s refinery, located in Lekki, Lagos, is expected to produce 650,000 barrels of gasoline per day once it becomes operational. The refinery has a strategic location, with access to major transportation networks, making it well-positioned to meet the country’s growing demand for refined petroleum products. The delay in gasoline supply from Dangote has raised concerns among industry experts and consumers alike. Nigeria currently relies heavily on imported gasoline, which puts a strain on its foreign exchange reserves. The commencement of local production from Dangote’s refinery was expected to alleviate this pressure and contribute to the country’s energy independence. However, the postponement does not significantly change the overall outlook for Nigeria’s gasoline market. The country has been working to gradually reduce its dependence on imported fuel and is investing heavily in local refining capacity. The Dangote refinery remains a major milestone in this process, and its delayed start-up is only expected to cause a temporary disruption. The Nigerian government has expressed confidence in Dangote’s ability to deliver on its commitment and has urged the company to prioritize quality and efficiency in its operations. Consumers are also eagerly awaiting the availability of locally produced gasoline, which is expected to improve product quality and reduce prices at the pumps. As of this writing, the Dangote Group maintains that the new supply date is July and is working diligenDangote Refinery Delays Release of Premium Motor Alcohol

Dangote Refinery Delays Release of Premium Motor Alcohol

Dangote Group has announced that its plans to release premium motor alcohol (PMS) into the market this month have been postponed. Aliko Dangote, chairman of Dangote Group, stated that the refinery’s 650,000-barrel-per-day capacity will run out of gasoline in July. He attributed the delay to minor challenges and assured that the product would be available from July 10 to 15. “We had a slight delay, but the PMS will start coming out July 10-15. But then we want to keep it in the tank to make sure it settles. So by the third week of July we will be able to go out and take it to the market,” Dangote said. Dangote’s words in June had raised optimism about an end to oil imports into Nigeria. He had expressed confidence that his refinery would supply gasoline, diesel, and aviation fuel to West Africa and beyond. However, this delay has dampened those expectations. Marketers and Nigerians had hoped that Dangote’s refinery would bring down the price of petrol, but this may now be delayed.Leading Nigerian business mogul, Aliko Dangote, has announced a postponement in the planned commencement of gasoline supply to the Nigerian market. The billionaire industrialist disclosed this during a recent interview, stating that the new date for the commencement of supply is now July 2023. According to Dangote, the postponement is due to unforeseen circumstances and delays in the completion of the Dangote Refinery project. The refinery, which is expected to be the largest single-train refinery in the world, has been under construction for several years. Dangote expressed regret over the delay but assured Nigerians that the refinery would soon be completed and operational. He also stated that the company is committed to meeting the country’s gasoline needs and ensuring a stable supply of fuel. The planned commencement of gasoline supply by Dangote had been highly anticipated in Nigeria, which is currently heavily dependent on imported fuel. The country has been facing chronic fuel shortages and high gasoline prices in recent years. The Dangote Refinery project is expected to have a significant impact on Nigeria’s economy. It is anticipated to create thousands of jobs, boost local production, and reduce the country’s reliance on imported fuel.