In a significant development for Nigeria’s energy sector, the Dangote Refinery is poised to begin the production of Premium Motor Spirit (PMS), commonly known as petrol. This move is expected to drastically reduce Nigeria’s dependence on imported fuel and stabilize the local market.
The refinery, which is the largest single-train refinery in the world, has a capacity of 650,000 barrels per day. Aliko Dangote, the Chairman of Dangote Group, announced that the facility is ready to start operations, with PMS production set to commence in the coming weeks. This milestone is anticipated to bring about a substantial reduction in fuel prices and improve the availability of petrol across the country.
The commencement of PMS production at the Dangote Refinery is also expected to create numerous job opportunities and boost the Nigerian economy. The refinery’s operations will not only meet local demand but also position Nigeria as a key player in the global oil market.
Industry experts have lauded this development, noting that it will enhance energy security and contribute to the nation’s economic growth. The Nigerian government has expressed its support for the project, highlighting its potential to transform the country’s oil and gas sector.
This news comes at a time when Nigeria is grappling with fuel scarcity and high prices, making the Dangote Refinery’s contribution all the more critical.
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