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We Had 107M Barrels of Consumption, and Dangote Took Around 85 Million, About 77%—Kelvin Emmanuel

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We Had 107M Barrels Of Consumption, And Dangote Took Around 85 Million, About 77%—Kelvin Emmanuel
We Had 107M Barrels Of Consumption, And Dangote Took Around 85 Million, About 77%—Kelvin Emmanuel

Kelvin Emmanuel, the CEO of Diary Hills and an energy specialist, spoke about the Warri refinery in an interview on Arise TV. He mentioned that, based on NUPRC data, Nigeria’s oil consumption for the latter half of 2024 reached 107 million barrels, with Dangote responsible for about 77% of that, approximately 85 million barrels....CONTINUE READING>>>

For the first half of 2025, consumption is expected to increase to 123.6 million barrels across the country’s nine refineries. Emmanuel pointed out that the Dangote refinery, which has a capacity of 500,000 barrels per day, stands out as the only refinery with a positive cracking margin and is producing premium motor spirit at scale, with a daily output of around 36 to 37 million liters.

In his words, “According to the NUPRC’s data for the second half of 2024, we had 107 million barrels of consumption, and Dangote took around 85 millions or anywhere around 77% and for the first half of 2025 they are projecting 123.6 million barrels of consumption in the Refinery’s in Nigeria.

Out of this 9 refinary, Dangote refinery which is currently at 500 thousand barrers per day is the only refinery that has not only achieved a positive cacking margin but the only refinery producing PMS at scale doing around on a 36 or 37 million liters of premium motor spirit on a daily basis.”

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