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.
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.
Why did Nigeria open a Dangote Refinery?
The Dangote refinery is seen in Lagos, Nigeria, Monday, May 22, 2023. Nigerian President Muhammadu Buhari on Monday opened the oil refinery, with hopes it would help the energy-rich country achieve self-sufficiency and become a net exporter of refined petroleum products.
Why did Buhari open a Nigerian oil refinery?
Nigerian President Muhammadu Buhari on Monday opened the oil refinery, with hopes it would help the energy-rich country achieve self-sufficiency and become a net exporter of refined petroleum products. The $19 billion facility built by Dangote, is one of the world¡¯s biggest oil refineries and has a capacity of 650,000 barrels per day.