Dangote Refinery To Begin Operation In 2018

Posted on November 8, 2016

alhaji-aliko-dangote-1

Dangote Group said its 650,000 barrels per day capacity refinery currently under construction in Lagos would come on stream by the end of 2018.
Ahmed Mansur, the group’s Executive Director, Stakeholders’ Relations/Corporate Communications, announced this during a media parley in Abuja on Tuesday.
He said this would ultimately end fuel importation.
He said the refinery’s daily production capacity would be 150 per cent of the current total demand of petroleum products in the country, saying that the excess would be exported to other countries.
Mansur said a 1.3 million metric tonnes per annum petrochemical plant was also under construction at the refinery site in Lekki area of Lagos.
In addition, he said that a fertiliser company with capacity to produce 2.8 million metric tonnes of assorted fertilisers was also being added to help the country to achieve food security.
Mansur disclosed that the company had also diversified into gas business as it had started constructing a gas pipeline from the South East to Lagos.
He said that the gas plant, when completed, would have the capacity to produce three million standard cubic metres of gas per annum.
The executive director said the project would help the country to record appreciable improvement in power and manufacturing sectors.
According to him, the company’s huge investment in the oil and gas sector will impact positively in the economy, especially in the areas of employment and preservation of foreign exchange.

 

(NAN)

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

The guidelines for the 2017 elections into National Sports Federations have been amended.  The... Continue
Ibrahimovic hobbles off the Old Trafford pitch after suffering a season-ending knee injury  ... Continue
The Minister of Youth and Sports Barrister Solomon Dalung has sympathized with the government... Continue
CYRIACUS IZUEKWE The family of former Inspector General of Police, Alhaji Musiliu Adeola Kunbi Smith... Continue
CYRIACUS IZUEKWE A popular hotel in Lagos has been set on fire after suspected... Continue
The ongoing second edition of Mayedero Football Competition has reached the quarter final stage... Continue
CYRIACUS IZUEKWE Two lovers a 28-year old Blessing John and her lover, Joseph Obi... Continue
CYRIACUS IZUEKWE   A youth, Moshood Fatai, has been arrested and charged before a... Continue
Real Madrid and Atletico Madrid will meet in the semi-final of the Champions League... Continue
  TAIWO ADELU   Eze Alloysius, Coordinator PLAY!YA Nigeria, organiser of African Football Film... Continue

NTEL ADVERT

Follow Us @pmexpressng