Aradel Holdings Plc plans to begin producing petrol at its modular refinery in 2027. The company linked the decision to the 2023 removal of fuel subsidies, which made petrol production more profitable.
Temitayo Ogunbanjo, who manages Aradel’s refining operations, stated that market deregulation “has now created a path” for petrol manufacture. The statement was made on the sidelines of a conference in Abuja.
The 11,000-barrel-per-day plant in Rivers State currently produces kerosene, diesel, gas oil and naphtha.
Aradel is examining possible expansion of the facility, along with crude supply arrangements and export logistics. The company is also considering investment in aviation fuel production for potential export to Europe.
No specific investment amounts were disclosed for the petrol unit or expansion. Details are expected to be developed during engineering studies over the coming year.
