Latest news on dangote refinery

Here are some of the latest news updates on the Dangote Refinery:

Latest Update (March 2023): The Dangote Refinery has announced that it has completed the construction of its 650,000 barrels per day (bpd) refinery in Lagos, Nigeria. The refinery is expected to be the largest in Africa and one of the largest in the world.

Key Features:

• The refinery will have a capacity to process 650,000 barrels of crude oil per day
• It will produce a range of petroleum products, including gasoline, diesel, jet fuel, and liquefied petroleum gas (LPG)
• The refinery will also have a petrochemical plant that will produce polypropylene, a key raw material used in the production of plastics
• The refinery is expected to reduce Nigeria's reliance on imported petroleum products and create thousands of jobs

Timeline:

• Construction of the refinery began in 2016
• The refinery was initially expected to be completed in 2020, but the project was delayed due to various factors, including the COVID-19 pandemic
• The refinery is now expected to start operations in the second half of 2023

Investment:

• The Dangote Refinery has received significant investment from the Dangote Group, which is one of the largest conglomerates in Africa
• The refinery has also received investment from other international partners, including the United Arab Emirates-based company, Emirates National Oil Company (ENOC)

Impact:

• The Dangote Refinery is expected to have a significant impact on the Nigerian economy, reducing the country's reliance on imported petroleum products and creating thousands of jobs
• The refinery is also expected to increase Nigeria's refining capacity, reducing the country's dependence on foreign refineries and improving its energy security

Challenges:

• The Dangote Refinery has faced several challenges during its construction, including delays and cost overruns
• The refinery has also faced criticism from some stakeholders, who have raised concerns about its environmental impact and the potential for corruption

Conclusion:

• The Dangote Refinery is a significant project that has the potential to transform the Nigerian economy and improve the country's energy security
• While the project has faced challenges, it is expected to start operations in the second half of 2023 and will be one of the largest refineries in the world.

Please note that the information provided is based on publicly available news sources and may not be up-to-date or accurate.