Biggest Refinery
OpenLife Nigeria reports that the president of Dangote Group of companies, Alhaji Aliko Dangote has singled out, for praise, the governor of Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, for being partly responsible for the completion of the mega Refinery.
Dangote stated this on Monday during the commissioning of the $19 billion refinery at Ibeju Lekki area of Lagos.
According to him, “Emefiele moved mountain for the successful completion of this refinery.”
The 650,000 barrels per day oil processing facility has been designed to process crude oil grades from the three continents of Africa, Asia and America.
The refinery would deliver a surplus of about 38 million litres of petrol, diesel, kerosene and aviation fuel for Nigeria daily, hence it would meet the 100 per cent fuel supply requirement of the country.
Data in a document obtained from the company, showed that the Dangote Refinery could support the establishment of 26,716 fillings stations, create 100,000 direct and indirect jobs, and provide a $21bn market for Nigerian crude oil annually.
The Dangote Petroleum covers an area of approximately 2,635 hectares in the Lekki Free Trade Zone in Lagos.
The refinery will produce Euro-V quality gasoline and diesel, as well as jet fuel and polypropylene.
The firm stated that the facility was “designed to process a large variety of crudes including many of the African crudes, some of the Middle Eastern crudes and the US (United States) Light Tight Oil.”
On the target market and petroleum sufficiency, it stated that the refinery could meet 100 per cent of the Nigerian requirement of all liquid products, including gasoline (petrol), diesel, kerosene and aviation jet, and would also have a surplus of each of these products for export.
In attendance were President Muhammadu Buhari, alongside his counterparts from
Togo, Gnassingbé Eyadéma; Ghana, Nana Akufo-Addo; Senegal, Macky Sall; Niger Republic, Mohamed Bazoum, Chad, Mahamat Déby, represented by his brother and a host of ambassadors.
Nigeria’s President-Elect, Bola Tinubu, whose administration, while he was the Governor of Lagos State in 2002 floated the Free Trade Zone in Ibeju-Lekki where the refinery is located, was absent at the event.
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