More than 650000 barrels per day (bpd) will be processed in the first half of 2021 as the new $15bn Dangote refinery nears completion.
Dangote Refinery Facility
The Dangote Refinery, which is situated on 6,180 acres (2,500 hectares) of land, is expected to be Africa’s biggest oil refinery and the world’s biggest single-train petroleum facility upon completion. The refinery will be able to process 650,000 barrels of crude oil per day into refined petroleum products which will help Nigeria become an oil refining country, not just an oil exporter.
Speaking on the development, Nigerian businessman and philanthropist, Femi Otedola, who recently paid a visit to the refinery in the Lekki Free Trade Zone disclosed that the refinery is 75 per cent near completion.
In an Instagram post on Sunday, February 23, 2020, Femi Otedola explained that the petrochemical unit is also 60 per cent complete revealed and that the Dangote Refinery and Petrochemicals Limited did a test run of its fertiliser plant which is the second-largest in the world after that of Qatar.
Otedola further commended the Dangote Industries Limited team for a job well done, stating that Aliko Dangote’s dream of making the local refinery “the 8th wonder of the world,” is gradually evolving.
Upon completion of the refinery, Nigeria’s refining capacity will double and help in meeting the increasing demand for fuels while providing cost savings. The refinery’s location at Lekki Free Trade Zone along the coast of the Atlantic Ocean will allow for smooth transhipment of refined petroleum products to international markets, and ultimately eliminate the overreliance of fuel import from other regions into Nigeria.
The new refinery has been designed to process varieties of crude from sweet to light crude sourced both locally, and abroad. Dangote plans to export its diesel to Europe and gasoline to Latin America, Western and Central African markets, Edwin said.
Dangote Refinery on Reducing unemployment
Dangote Refinery is committed toward capacity building and youth empowerment in the country.
Dangote Group Executive Director, Strategy, Capital Projects and Portfolio Development, Mr. Devakumar in an interview late last year stated that the petroleum refining & fertiliser complex comes on stream, it is expected that will be a population boom in the surrounding communities, which requires the services of the trainees.
Already, a total of 4,000 direct and 145,000 indirect jobs will be generated. International and local contractors like MAN Diesel & Turbo, Schneider Electric, C&I Leasing, Honeywell UOP, and Air Liquide Engineering & Construction have benefitted from the building of the refinery.
Similarly, the high unemployment rate in Nigeria, which is expected to reach 33.5% this year, will decrease as the refinery prepares to employ local citizens, especially young people, to manage different areas of the facility.
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