Dangote new refinery lagos
You're referring to the Dangote Refinery, a massive oil refinery project located in Lagos, Nigeria. Here are some key facts about the project:
Location: The refinery is situated in the Ibeju Lekki area of Lagos State, Nigeria.
Capacity: The refinery has a capacity to process 650,000 barrels of crude oil per day, making it one of the largest single-train refineries in the world.
Investment: The project is estimated to have cost around $12 billion, making it one of the largest investments in Nigeria's history.
Ownership: The refinery is owned by the Dangote Group, a Nigerian conglomerate founded by Aliko Dangote, one of Africa's richest men.
Construction: The refinery was constructed by a consortium of contractors, including Saipem, Toyo Engineering, and China Petroleum Engineering & Construction Corporation (CPECC).
Timeline: The refinery was initially expected to be completed in 2020, but due to various delays, it was finally commissioned in June 2022.
Products: The refinery will produce a range of petroleum products, including:
- Gasoline (PMS)
- Diesel (AGO)
- Jet Fuel (JET-A1)
- Liquefied Petroleum Gas (LPG)
- Petrochemicals (such as polypropylene and polyethylene)
Impact: The refinery is expected to have a significant impact on Nigeria's economy, reducing the country's reliance on imported petroleum products and creating thousands of jobs.
Benefits: The refinery is also expected to:
- Reduce Nigeria's trade deficit by saving foreign exchange spent on importing refined petroleum products.
- Increase government revenue through taxes and royalties.
- Create opportunities for local businesses and entrepreneurs.
- Improve energy security and reduce the country's dependence on imported fuel.
Overall, the Dangote Refinery is a significant project that has the potential to transform Nigeria's energy sector and contribute to the country's economic growth and development.