Nigeria’s much-anticipated will be inaugurated next week, on May 22, by outgoing President Muhammadu Buhari in Lagos state.
The Dangote refinery, a multimillion-dollar project spearheaded by Aliko Dangote, Africa’s richest man, and set to open on January 23rd, elicited positive reactions from Nigerians on social media and on the faces of those with a direct interest.
The project, which began in 2013, is expected to be completed this year, with operations beginning later.
The widespread rumor, however, has been debunked by Timilehin Oyedare of Dangote Group’s Digital Communications Unit, Corporate Communications, who called the reports “false.”
According to him, no date has been set for the project’s commissioning.
Last year, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) announced that the refinery was 97 percent complete.
Farouk Ahmed, the Chief Executive of NMDPRA, stated this when representatives of the Dangote Refinery visited him in his Abuja office to present the facility work plan for 2022/2023.
The Dangote Integrated Refinery and Petrochemicals Complex is located in the Lagos neighborhood of Ibeju-Lekki.
When fully operational, it will have the capacity to process approximately 650,000 barrels of crude oil per day, making it the world’s largest single-train refinery. The investment totals more than $25 billion USD.
On Wednesday, May 17, Dangote Group released some information about the highly anticipated refinery that everyone should be aware of.
Below are 10 facts you need to know about the Dangote refinery:
1) The Dangote oil and petrochemical refinery is a 650,000 BPD oil refinery.
It is the largest single-train oil refinery on planet Earth, the largest in Africa, and the 7th largest oil refinery in the world.
It is capable of meeting the energy demands of both Nigeria and the entire continent of Africa.
2) Dangote announced he would want to build a refinery in 2013, at that time, it would cost $9 billion. It was not until 2016 that construction started.
3) The Refinery was originally meant to be built in the oil-producing state of Ondo state but due to a lack of political will on the part of the Ondo State Government, Dangote moved the project to Lagos state which also has oil.
4) The Refinery along with the Petrochemical plant is expected to generate $20 billion yearly for Nigeria.
5) The Refinery will reposition Nigeria as an energy hub globally.
6) The Refinery has the longest subsea gas pipeline in the world with a length of 1100km.
7) The Refinery will generate electricity of up to 12,000 MegaWatts.
8) The Refinery is a $25 billion investment, the largest single investment carried out on the African continent by an individual and the most expensive industrial complex in Africa and perhaps the world.
9) The refinery will produce 50,000,000 liters (13,000,000 US gal) of Euro-V quality gasoline and 17,000,000 liters (4,500,000 US gal) of diesel daily, as well as aviation fuel and plastic products.
10) It will provide 135,000 permanent jobs and overall 300,000 direct and indirect jobs.
