Aradel Holdings to begin petrol production at its modular refinery in 2027
Integrated indigenous energy firm, Aradel Holdings Plc, has revealed plans to commence refining petrol at its modular refinery in 2027. The post Aradel Holdings to begin petrol production at its modular refinery in 2027 appeared first on Nairametrics .
Nigerian integrated energy firm Aradel Holdings Plc has announced plans to begin petroleum production at its modular refinery in 2027. This decision comes as a result of the removal of fuel subsidies and deregulation of the downstream oil sector, which has made refining petrol more lucrative in Nigeria. Temitayo Ogunbanjo, who oversees Aradel’s refining operations, revealed this information during a conference in Abuja.
Currently, the refinery is producing kerosene, diesel, gas oil, and naphtha. The company is exploring the possibility of expanding the refinery, along with establishing crude supply arrangements and improving export logistics. Aradel is also considering investing in aviation fuel production, with the potential to export to Europe.
Specific investment figures for the petrol unit or expansion have not been disclosed, as these details will be finalized during engineering studies set to commence in the coming year. The company highlighted that rising crude prices have bolstered earnings from its upstream operations.
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