Dangote made this assertion during his keynote address at a summit held in Lagos by the Crude Oil Refinery Owners Association of Nigeria, CORAN.
Addressing Nigeria’s potential as a refining hub, Dangote expressed concern that, despite producing over 3.
4 million barrels of crude oil per day, Africa imports around 3 million barrels of petroleum products daily.
“It is worth noting that the Dangote Refinery already produces sufficient diesel and jet fuel to meet Nigeria’s demand.
Mansur Ahmed, Group Executive Director of Dangote Industries Ltd, Dangote emphasised that Nigeria must develop a refining capacity of 1.5 million barrels per day and prioritise domestic crude supply obligations to seize this opportunity.
”We will need to expand our crude oil production capacity to support demand from new refining capacity...
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