Otedola Welcomes Crude Delivery To Dangote Refinery, Says Jobs Will Be Created

Femi Otedola, the billionaire has welcomed the delivery of crude oil to Dangote Petrochemical Refinery.

The Nigerian National Petroleum Company Limited, last week, made its first delivery of one million barrels of crude to the refinery after months of delay.

The refinery was billed to start production in July this year but had been slowed due to a lack of crude from the NNPCL.

Reacting, Otedola said the delivery is a ‘beacon of hope’ for Nigeria and Africa as a whole, adding that it has been long awaited.

The business mogul spoke after Mele Kyari, the Group Chief Executive Officer of NNPCL told the Nigerian Senate that Nigerians should not expect reduction in the price of petroleum products when Dangote Refinery starts production.

Kyari’s statement must have seriously disappointed Nigerians who had placed their hope of price cut in petrol and diesel on Dangote.

Otedola explained on his verified ‘X’ handle that the refinery would  help Nigeria to meet her target of reducing carbon emissions.

The refinery, he said, will also create thousands of direct and indirect jobs for Nigerians and Africans.

He noted that the production of Euro 5 fuel from Dangote Refinery will improve air quality and reduce respiratory diseases caused by the use of low-quality fuels in Africa.

He said, “I heartily congratulate my bestie @AlikoDangote as the 8th Wonder of the World – the $20 Billion (Twenty Billion Dollars) @DangoteGroup.

“Refinery – officially commences production. The Dangote Petrochemical Complex, which consists of the world’s largest single-train 650,000 barrels per day Petroleum Refinery, a 1 million metric tonnes of Polypropylene per-annum facility, and two of the world’s largest Fertilizer Trains – with a capacity of producing 3 Million Tonnes of Urea – is much more than just an industrial milestone; it’s a testament to the visionary leadership and relentless pursuit of excellence of one of Africa’s finest and most dogged patriots.

“I had a front-row seat as this vision was conceptualized and took shape. And I am familiar with the sleepless nights you’ve had to work through over the last decade to bring this dream to fruition.

“This refinery is a beacon of hope for millions of Nigerians and Africans. It is also at the vanguard of championing environmental sustainability.

“With its Carbon capture technologies and storage processes it will capture up to 90%+ of the CO2 emitted and also play a significant role in reducing Well-to-tank carbon emissions from crude oil maritime transportation, thereby playing its own role in helping Nigeria meet its target for net-zero emissions by 2060.

“The Refinery recircles 100% of its water. The heat coming out of the process is fully captured to produce 50MW of Power. Dangote is also producing Euro 5 to replace the bad Euro 5 that has been dumped in Africa for a long time.

“Shipping 65,000 barrels per day of crude out of Nigeria and 650kbpd in refined products to Nigeria and nearby countries which is 480 ships of 1m barrels per day will save 1.5m to 2.5m tons of CO2 emissions. This will help the environment.

“By meeting our requirements for all refined petroleum products, it will champion energy security and independence for our nation and act as a catalyst for a new era of prosperity for the subcontinent. It promises economic transformation for Nigerians today and for generations to come.”

“Congratulations, @AlikoDangote,Africa is proud of you! …F.Ote💲”

The Energy mogul had during the commissioning of the refinery by former President Muhammadu Buhari early this year, criticised the federal government for cancelling the sale of Port Harcourt Refinery to Dangote, saying the tne refinery is proof of how Africa’s Richest man would have turned around the comatose government-owned refinery.