The completion of Dangote Refinery in 2019 will mark another milestone in the Nigerian oil and gas industry as the $11 billion refinery hold the prospect of stopping of refined petroleum products by Nigeria.
The Dangote Refinery will produce 650,000 barrels per day of refined petroleum products to meet all the country’s refined petroleum products needs as well as export to other countries.
Nigeria spent N2.59 trillion to import refined petroleum products in 2016, according to the Nigeria Bureau of Statistics. founder of Dangote Group of Companies and the richest man in Africa.
Dangote, the promoter, said that the refinery projects were primarily meant to diversify the resource base of Nigeria.
“This is the biggest industrial site anywhere in the world from the fertiliser, petrochemical and refinery plants. The Dangote Refinery will produce 650,000 barrels per day of refined petroleum products to meet all the country’s refined petroleum products needs as well as export to other countries.
Nigeria spent N2.59 trillion to import refined petroleum products in 2016, according to the Nigeria Bureau of Statistics.
