Will Nigeria’s biggest oil refinery boost refining capacity?
(AP Photo/Sunday Alamba, File) ABUJA, Nigeria (AP) ¡ª Africa¡¯s biggest oil refinery has begun production in Nigeria, the company has said, ending a yearslong wait for a plant that analysts said Monday could boost refining capacity in a region heavily reliant on imported petroleum products.
What is Dangote Refinery?
The Dangote Refinery is an oil refinery owned by Dangote Group that was inaugurated on 22 May 2023 in Lekki, Nigeria. When fully operational, it is expected to have the capacity to process about 650,000 barrels of crude oil per day, making it the largest single-train refinery in the world. The investment is over US$19 billion.
Is Nigeria’s first oil refinery a game-changer?
The $19 billion facility, which has a capacity to produce 650,000 barrels per day, has started to produce diesel and aviation fuel, the Dangote Petroleum Refinery company reported Saturday. As Nigeria¡¯s first privately owned oil refinery, the project ¡°is a game-changer for our country,¡± it added.
Will Nigeria’s Dangote Refinery boost local and regional refining capacity?
Nigeria¡¯s Dangote Petroleum Refinery, which is Africa¡¯s biggest, says it has begun production, starting with diesel and aviation fuel. This brings to an end a yearslong wait for a plant that analysts said Monday, Jan. 15, 2024 could boost local and regional refining capacity in a region heavily reliant on imported refined products.