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Thursday, July 18, 2024

DANGOTE LAUNCHES AFRICA’S BIGGEST OIL REFINERY

AFRICA’s BIGGEST Refinery COMMISSIONED: Congratulations Nigeria on the successful launch of the Dangote Refinery.

Nigeria’s President Muhammadu Buhari on Monday commissioned Africa’s BIGGEST oil refinery.

President Buhari and other dignitaries at the launching.                 

Buhari – who steps down on May 29 after eight years in office – described the project as “a notable milestone” and “a game changer for the #downstream #petroleum products market, not only in #Nigeria but for the entire African continent.”

The presidents of Ghana, Niger, Togo, Senegal  and a representative of the Chadian leader were present at the commissioning.

Nigeria’s new $20 billion Dangote petroleum refinery is Africa’s biggest – it will produce 650,000 barrels a day, giving it the potential to address the country’s energy supply crisis.

Owned by Nigerian industrialist and Africa’s richest man, Aliko Dangote, the refinery is expected to boost domestic refining capacity, getting rid of the current consumption shortfall. It will also reduce import dependency and stimulate economic growth.

It is the first privately owned crude oil refinery in Nigeria. Nigeria’s existing refineries, plagued by operational inefficiencies under government control, have failed to meet the growing demand for petroleum products.

Dangote Refinerywhat you should know

• The Dangote Petroleum Refinery is located in Ibeju-Lekki, #Lagos, covering a land area of approximately 2,635 hectares (seven times the size of Victoria Island.)

• World’s Largest Single-Train 650,000 barrels per day Petroleum Refinery with 900 KTPA Polypropylene Plant.

• The 435 MW Power Plant in the Refinery alone will be able to meet the total power requirement of Ibadan DisCo of 860,316 MWh covering five States including Oyo, Ogun, Osun, Kwara and Ekiti.

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• The Refinery can meet 100% of the Nigerian requirement of all refined products (Gasoline, 53 million litres per day; Diesel, 34 litres per day; Kerosene, 10 million litres per day and Aviation Jet, 2 million litres per day) and also have a surplus of each of these products for export.

The Refinery will also supply West African countries and AfCFTA member states.

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