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Local market: NNPC Limited begins distributing gasoline from the Dangote Refinery

17/09/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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Le vendredi 13 septembre dernier, un comité présidentiel nigérian a annoncé que la public oil company NNPC Limited would distribute gasoline from the Dangote refinery, with a capacity of 650 000 barrels per day, on the local market

.

The $20 billion refinery, built by Nigerian billionaire Aliko Dangote in Lagos, started processing gasoline last week. Zacch Adedeji, director of the Nigeria Revenue Authority announced that all agreements have been finalized and that the first batch of Premium Motor Spirit (gasoline) started to be loaded on Sunday. However, disagreements over distribution rights and prices delayed distribution. While diesel from Dangote, which was mainly exported, will now be sold in nairas to local fuel traders, the NNPC will have the exclusive right to lift gas and sell it locally in bulk to fuel traders and

at its service stations for now.
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