Buhari To Inaugurate 650,000bpd Dangote Refinery In Lagos
The Special Assistant to the President on Digital Communications Bashir Ahmad disclosed this in a tweet on his handle.
President Muhammadu Buhari will May 22nd, 2023 inaugurate the 650,000 barrels per day Dangote Refinery.
The Special Assistant to the President on Digital Communications Bashir Ahmad disclosed this in a tweet on his handle.
“Efforts by the Federal Government to make Nigeria self-sufficient in local refining of crude oil to save the scarce foreign exchange used in the importation of petroleum products have received a boost as the 650,000 barrels per day Dangote Refinery, the world’s largest single-train refinery, is set for inauguration on May 22nd, 2023, by President Muhammadu Buhari,” he wrote on Sunday.
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BRIEF ABOUT DANGOTE REFINERY
By MS Ingawa
Dangote Refinery and Petrochemicals limited is a 650,000 barrels per day integrated Refining Facility located at Lekki Free Zone, Lagos Nigeria. The Refinery, worth $19billion, is the largest Oil Refinery in Africa and Largest Single Train in the World with Nelson complexity index (NCI) of 10.5 (average in Europe is 6.5). It’s single train because it’s the largest refinery (by volume) in the world to operate on a single Crude Distillation Unit (CDU).
The Refinery is connected by the Largest Sub-sea pipeline infrastructure in the world (1,100km long) to Oil and Gas blocks in the Niger Delta Subregion for supply of Crude Feedstock and Gas to power the 435MW Electricity Generation Facility.
Dangote Refinery will convert crude oil into 8 refined products such as gasoline, kerosene/jet fuel, diesel, propane/Liquefied Petroleum Gas (LPG), Polypropylene, and other value-added fuels. It is expected to meet 100% of the Nigerian requirements of all refined products as the 650,000 barrels of crude correspond to 50m litters of Euro-V Gasoline (PMS), 17m liters of Diesel (AGO) as well as Kerosene/Jet Fuel and other Petrochemicals.
The Refinery will create about 150,000 direct and indirect jobs for Nigerians and create a market $21 Billion per annum for Nigerian crude. Dangote Refinery will help Nigeria save a whooping $3.8 Billion in imports and Foreign Exchange demand annually.
This is a game changer and Nigeria will never be the same after this project. BUA is also building a 250,000 barrels per day Refinery in Akwa Ibom. Win-win for Nigeria and Nigerians. History will be kind to all hands involved.