Nigeria’s largest refinery unit to resume full rates
Nigeria’s Dangote oil refinery has derated its gasoline making unit (RFCC) by 34 per cent since May 21 and expects the unit to resume full rates in mid-June, industry monitor IIR Energy said.
The refinery did not immediately respond to a Reuters request for comment.
“Initially, lighter crude being processed resulted in insufficient feed availability for the RFCCU. However, by the end of May, IIR Energy confirmed that the RFCCU was also facing an issue with its flue gas slide gate valve. Repair work on that issue is almost complete,” IIR said in an email.
The gasoline unit not running at full capacity could spell trouble for the local market, as fuel prices have reached record-high levels due to the impact of war in the Middle East.
Africa’s largest refinery became fully operational early this year and was designed to transform Nigeria into a major exporter of refined products after decades of inadequate refinery capacity.
Gasoline exports from the refinery fell to 17,000 barrels per day in May and stand at 10,000 bpd in June so far, according to data from commodities analytics firm Kpler, compared to highs of since June last year, with 81,000 bpd in April.- Reuters
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