{"id":109345,"date":"2023-11-26T20:59:51","date_gmt":"2023-11-26T19:59:51","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=109345"},"modified":"2023-11-26T20:59:51","modified_gmt":"2023-11-26T19:59:51","slug":"dangote-refinery-secures-first-deal-begins-operations-with-350000bpd","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/dangote-refinery-secures-first-deal-begins-operations-with-350000bpd\/","title":{"rendered":"Dangote Refinery Secures First Deal, Begins Operations With 350,000bpd"},"content":{"rendered":"<p>Dangote Refinery has secured its first cargo deal of about 6 million barrels, ready for delivery, even as the much-anticipated project begins with 350,000 barrels a day next month, founder Aliko Dangote has disclosed.<\/p>\n<p>The refinery is expected to transform oil trading in the Atlantic Basin and remove a lucrative outlet for fuels produced in Europe and the United States that have for years powered the cars, trucks, and generators on the continent.<\/p>\n<p>According to sources, the refinery would start churning out diesel, kerosene, and jet fuel as soon as December.<\/p>\n<p>Speaking with the Financial Times, Dangote, who described Nigeria\u2019s inability to refine its crude oil as \u201cshameful,\u201d despite being a major oil producer for more than 50 years, said the country will, in a matter of weeks, start producing refined petroleum products again.<\/p>\n<p>Dangote, who conceded there were times when he thought the massive project\u2014long delayed and about $8 billion over budget\u2014might jeopardize his business empire, expressed gratitude to God for delivering the multi-billion-dollar project at last, despite many challenges.<\/p>\n<p>He said, \u201cThe challenges that we faced, I don\u2019t know whether other people can face these challenges and even survive. It\u2019s either we sink or we sail through. And we thank Almighty that at least we\u2019ve arrived at the destination. You will not see this kind of project in Nigeria in the next 20 years. No outside contractor had been willing to take on Nigerian risk. We didn\u2019t cut costs. We didn\u2019t cut corners. We didn\u2019t do it for people to clap us. We did it for posterity.\u201d<\/p>\n<div class=\"yj6qo\"><\/div>\n<div class=\"adL\"><\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Dangote Refinery has secured its first cargo deal of about 6 million barrels, ready for delivery, even as the much-anticipated project begins with 350,000 barrels a day next month, founder&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":109346,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-109345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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