Dangote Refinery Announced Temporary Shutdown of Gasoline Unit

SEATTLE (Oil Monster): The Dangote Refinery and Petrochemical Company of Nigeria declared that it would temporarily close its gasoline division for 30 days in order to perform repairs. According to International Info Resources (IIR), a provider of industrial market research, the planned repair is expected to start on June 1.

According to media sources, if the efforts to ramp up production are successful, the facility is expected to see a major jump in gasoline production after the scheduled maintenance is completed.

ALSO READ:

Dangote Refinery Secured First Cargo of Algerian Crude

Nigeria's Dangote Refinery to Build Eight Oil Storage Tanks

Additionally, gasoline exports from Europe to Western Africa are anticipated to be impacted by the short suspension. Gasoline exports from Europe to the region may increase as a result of the shutdown-related supply deficit. Additionally, local gasoline supplies in Nigeria may be temporarily tightened as a result of the closure.

The stakeholders expressed the expectation that the Dangote refinery would be able to provide stronger and more efficient operations than previously during the maintenance shutdown, thereby resolving a number of difficulties the nation has, such as the supply and cost of gasoline.

Nigeria has seen a decrease in gasoline imports since September of last year, according to trade figures. In February of this year, it fell to a record low of 112,000 barrels per day (bpd). It should be mentioned that in February 2024, imports were 372,000 barrels per day.