BusinessInternational

The Dangote Refinery is 88 percent complete, according to the company’s corporate strategy officer

With the approaching completion of the 650,000 barrels per day (BPD) Dangote Refinery in the Ibeju-Lekki district of Lagos, Nigeria, Ghana, along with other West African nations, would shortly reduce petroleum imports.

Aliyu Suleiman, the Dangote group’s Group Chief Corporate Strategy Officer, revealed this in a virtual conference organized by the Ghana Chamber of Bulk Oil Distributors on Thursday, June 3, 2021.

‘The Dangote Refinery- Project Update and Opportunities for Ghana,’ was the focus of the meeting.

The meeting was attended by a number of players in Ghana’s petroleum sector, as well as Engineer Babajide Soyode, the Technical Advisor to the President of Dangote Group on Refinery and Petrochemicals.

Mr. Suleiman stated that the refinery is nearing completion.

“The total project is 88 percent complete,” he stated, giving an update on the project’s progress.

Engineering is 100 percent finished, procurement is 99 percent finished, material delivery is 96 percent finished, and construction is 76 percent finished,” he said.

dangote refinery - africa news file
dangote refinery – africa news file

He stated that the project should be finished by 2022.

It will be ready to produce oil in January 2022,” he added, adding that “production stability is expected in September or October 2022.

He voiced his belief that the refinery’s completion, as well as the completion of other modular refinery projects across West Africa, will result in the integration of the petroleum downstream sectors.

It would also help to stabilize the price of petroleum products in the African sub-region, he added.

Eng. Soyode praised the project’s peculiarity, saying, “It has total crude oil independence.”

See also  List Of Best Restaurants In Runda Kenya -Photos

The Dangote Petroleum Refinery, also known as the Dangote Oil Refinery, is a 650,000-barrel-per-day (BPD) integrated refinery project now under development in Nigeria’s Lekki Free Zone.

It will be Africa’s largest oil refinery and the world’s largest single-train plant, according to plans.

The Dangote Petroleum Refinery’s pipeline infrastructure is the world’s biggest, with 1,100 kilometers of pipe capable of handling 3 billion standard cubic feet of gas each day.

The refinery alone has a 400MW power plant that can fulfill Ibadan DisCo’s entire power need.

All of Nigeria’s refined product requirements will be met by the refinery, which will also have a surplus of each of these products for export. Dangote Industries Limited made a $12 billion investment.

The Dangote Petroleum Refinery would establish a market for Nigerian crude worth $11 billion per year.

It’s intended to process Nigerian crude, but it can also handle other types.

Leave a Reply

Your email address will not be published.

Back to top button