OIL & GAS

Biggest Refinery: CBN Governor, Godwin Emefiele Moved Mountain For The Completion—Aliko Dangote

<h4>Biggest Refinery<&sol;h4>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> reports that the president of Dangote Group of companies&comma; Alhaji Aliko Dangote has singled out&comma; for praise&comma; the governor of Central Bank of Nigeria&comma; CBN&comma; Mr&period; Godwin Emefiele&comma; for being partly responsible for the completion of the mega Refinery&period;<br &sol;>&NewLine;Dangote stated this on Monday during the commissioning of the &dollar;19 billion refinery at Ibeju Lekki area of Lagos&period;<br &sol;>&NewLine;According to him&comma; &&num;8220&semi;Emefiele moved mountain for the successful completion of this refinery&period;&&num;8221&semi;<br &sol;>&NewLine;The 650&comma;000 barrels per day oil processing facility has been designed to process crude oil grades from the three continents of Africa&comma; Asia and America&period;<&sol;p>&NewLine;<p>The refinery would deliver a surplus of about 38 million litres of petrol&comma; diesel&comma; kerosene and aviation fuel for Nigeria daily&comma; hence it would meet the 100 per cent fuel supply requirement of the country&period;<&sol;p>&NewLine;<p>Data in a document obtained from the company&comma; showed that the Dangote Refinery could support the establishment of 26&comma;716 fillings stations&comma; create 100&comma;000 direct and indirect jobs&comma; and provide a &dollar;21bn market for Nigerian crude oil annually&period;<&sol;p>&NewLine;<p>The Dangote Petroleum covers an area of approximately 2&comma;635 hectares in the Lekki Free Trade Zone in Lagos&period;<&sol;p>&NewLine;<p>The refinery will produce Euro-V quality gasoline and diesel&comma; as well as jet fuel and polypropylene&period;<&sol;p>&NewLine;<p>The firm stated that the facility was &OpenCurlyDoubleQuote;designed to process a large variety of crudes including many of the African crudes&comma; some of the Middle Eastern crudes and the US &lpar;United States&rpar; Light Tight Oil&period;”<&sol;p>&NewLine;<p>On the target market and petroleum sufficiency&comma; it stated that the refinery could meet 100 per cent of the Nigerian requirement of all liquid products&comma; including gasoline &lpar;petrol&rpar;&comma; diesel&comma; kerosene and aviation jet&comma; and would also have a surplus of each of these products for export&period;<&sol;p>&NewLine;<p>In attendance were President Muhammadu Buhari&comma; alongside his counterparts from<br &sol;>&NewLine;Togo&comma; Gnassingbé Eyadéma&semi; Ghana&comma; Nana Akufo-Addo&semi; Senegal&comma; Macky Sall&semi; Niger Republic&comma; Mohamed Bazoum&comma; Chad&comma; Mahamat Déby&comma; represented by his brother and a host of ambassadors&period;<&sol;p>&NewLine;<p>Nigeria’s President-Elect&comma; Bola Tinubu&comma; whose administration&comma; while he was the Governor of Lagos State in 2002 floated the Free Trade Zone in Ibeju-Lekki where the refinery is located&comma; was absent at the<&sol;p>&NewLine;

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