On 22 May 2023 in Lekki, Nigeria, Dangote commissioned the Dangote Refinery. The plant plans to export surplus petrol, turning Africa’s biggest oil producer into an export hub for petroleum products. It also plans to export diesel, according to Dangote, who funded the refinery’s construction.
Where is Nigeria’s oil refinery located?
It also plans to export diesel, according to Dangote, who funded the refinery’s construction. The refinery is situated on a 6,180-acre (2,500 hectares) site at the Lekki Free Trade Zone, Lekki, Lagos State. It is supplied with crude oil by the largest sub-sea pipeline infrastructure in the world at 1,100 kilometres (680 mi) long.
Which country buys Nigeria’s oil?
India is the largest purchaser of Nigeria’s oil which fulfills 20% to 25% of India’s domestic oil demand. Indian oil companies are also involved in oil drilling operations in Nigeria and have plans to set up refineries there.
How many refineries are there in Nigeria?
Nigeria is Africa’s largest crude oil producer, with four existing but non-functional refineries. Even if they are working at total capacity, they will only meet about 11.8 per cent of the nation’s consumption needs (Ogbuigwe, 2018).