Aliko Dangote's Oil Refinery to Process First Oil From September After Six Years Construction
- The Aliko Dangote refinery project in Lagos, which is currently under construction, is expected to begin processing oil by the end of the third quarter
- The Dangote refinery's development began in 2016 (six years ago), and it is projected to have a capacity of 650,000 barrels of oil per day
- If the refinery operates at full capacity, Nigeria may not need to import oil to fulfil domestic demand
PAY ATTENTION: Click “See First” under the “Following” tab to see Legit.ng News on your Facebook News Feed!
According to Aliko Dangote, President of Dangote Group, its Refinery would be operational by the end of the third quarter of 2022.
Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), was leading a bank delegation to the project site in Lagos when he made the statements.
According to Bloomberg, the business magnate indicated that the refinery's mechanical work has been done, and he thinks that the refinery will be operating by the end of the third quarter.
Source: Getty Images
Dangote stated that the factory will begin with a processing capacity of 540,000 barrels per day, with full production possibly commencing by the end of the year or the beginning of 2023.
PAY ATTENTION: Join Legit.ng Telegram channel! Never miss important updates!
Devakumar Edwin, Group Executive Director, Strategy, Portfolio Development, and Capital Projects, Dangote Industries Limited, was also quoted as saying that the refinery complex, which includes a refinery, petrochemical plant, fertiliser plant, and a subsea pipeline project, is the world's largest single-train refinery.
According to him, Dangote Petroleum Refinery can fulfil 100% of Nigeria's demand for all liquid products (Gasoline, Diesel, Kerosene, and Aviation Jet) while also having a surplus of each of these products available for export.
Why Ondo state lost Dangote’s Refinery, former PDP chairman exposes Olusegun Mimiko
In another report, Legit.ng reported that in what will continue to infuriate the people of Ondo state, former governor Olusegun Mimiko has been exposed for his alleged carelessness in handling the Dangote's refinery situation during his administration.
The allegation against the former governor was raised by a former chairman of the Peoples Democratic Party (PDP) in Ondo state, Dr Tayo Dairo.
It would be recalled that Dangote Refinery was initially meant to be set up in Ondo state before it was later moved to Lagos state under the immediate past administration.
Source: Legit.ng
