The Ghana National Petroleum Authority (NPA) says it is considering buying petroleum products from the Dangote Petroleum Refinery once the facility is operating at full capacity.
The Ghana National Petroleum Authority says it is considering buying petroleum products from the Dangote Petroleum Refinery once the facility is operating at full capacity.
According to Reuters, Mustapha Abdul-Hamid, chairman of NPA, Ghana, spoke on Monday at the OTL Africa Downstream Oil Conference in Lagos.However, the 650,000 barrel per day capacity refinery began operations in January with the production of diesel and aviation fuel.Abdul-Hamid said patronising Dangote refinery will help the country cut more expensive exports from Europe which cost the country about $400 million monthly.
“If the refinery reaches 650,000 bpd a day capacity, all that volume cannot be consumed by Nigeria alone, so instead of us importing as we do right now from Rotterdam, it will be much easier for us to import from Nigeria and I believe that will bring down our prices,” Hamid said. He said importing from Nigeria rather than Europe would reduce the prices of other goods and services by removing freight costs.Hamid also said African countries would agree on a common currency that should dampen demand for dollars.a marginal reduction in petrol and diesel prices starting from September 16 — if the cedi remains stable against the dollar.
Owned by Aliko Dangote, Africa’s richest man, the refinery is expected to operate at near full capacity at the end of the year.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigeria's Petroleum Marketers Accuse Dangote Refinery of Secret Petrol PricingThe president of the Petroleum Products Retail Outlets Association of Nigeria (PETROAN) has accused Dangote Refinery of operating a secret petrol price regime. Billy Gillis-Harris expressed concern about the lack of transparency in Dangote's pricing practices, urging them to be open and engage with stakeholders.
Read more »
Dangote meets Grenada's prime minister, mulls petroleum products export to Caribbean nationsAliko Dangote, president of the Dangote Industries Limited, has hinted at potential partnerships with the Caribbean community in the production of cement, fertilisers, as well as petroleum products.
Read more »
BREAKING: Fuel import court case against NNPCL, marketers overtaken by event — Dangote RefineryDangote Refinery has said that there is no fresh case against the Nigerian National Petroleum Company Limited and other petroleum marketers over the import of Premium Motor Spirit (petrol). The spokesperson of Dangote Dangote Group, Anthony Chiejina, disclosed this in a statement on Monday.
Read more »
Our refinery was built without government incentivesAlhaji Aliko Dangote, the President of Dangote Group, on Tuesday, said that the Dangote Refinery was constructed without any government incentives.
Read more »
Aliko Dangote: Our refinery was built without any incentive from governmentAliko Dangote, Africa’s richest person, says the Dangote Petroleum Refinery was built without any incentive from the federal government.
Read more »
NNPCL delivers 48.6m barrels of crude to Dangote RefineryThe Nigerian National Petroleum Company Limited, NNPCL, has delivered a total of 48.6 million barrels of crude oil to Dangote Petroleum Refinery in the past 10 months, Vanguard investigations have revealed.
Read more »