Nigeria’s Dangote Group Limited has announced the commencement of its refinery and has begun producing diesel and aviation fuel, the company said on Saturday. Although the Dangote petroleum refinery was to begin operations in June 2023, businessman Alhaji Aliko Dangote received its first crude deliveries late last year as a step toward starting up the delayed megaproject.
The largest single-train refinery in the world, located in Nigeria’s commercial hub, began operations in the early hours of Friday. Dangote refinery will double Nigeria’s refining capacity and help meet the increasing domestic fuel demand while generating foreign exchange through exports.
The Dangote oil refinery is designed to produce up to 50 million litres of gasoline and 15 million litres of diesel a day. Also, the refinery is expected to produce 10.4 million metric tons (Mt) of gasoline, 4.6 metric tons of diesel, and 4 metric tons of jet fuel a year and produce 0.69Mt of polypropylene, 0.24 metric tons of propane, 32,000t of Sulphur, and 0.5Mt of carbon black feed a year.
According to a press release statement by the Dangote Group, Alhaji Aliko Dangote elatedly thanked President Bola Ahmed Tinubu for his support and encouragement towards the actualization of this project.
Dangote also thanked the Nigerian National Petroleum Company Limited, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and Nigerians for their support and belief in the historic project.
“We thank President Bola Tinubu for his support and for making our dream come true. This production, as witnessed today, would not have been possible without his visionary leadership and prompt attention to details.”.
“This is a big day for Nigeria. We are delighted to have reached this significant milestone. This is an important achievement for our country, as it demonstrates our ability to develop and deliver large capital projects. This is a game-changer for our country.
The refinery can load 2,900 trucks a day at its truck-loading gantries. The products from the refinery will conform to Euro V specifications. The refinery design complies with the World Bank, US EPA, European emission norms, and DPR emission and effluent norms.
“I must extend our sincere appreciation to our bankers and financiers, both local and offshore. In the same vein, we thank the government of Lagos State, under the leadership of Babajide Sanwo-Olu. I also sincerely thank our host communities and their traditional leaders.
Frequently Asked Questions about Dangote Petroleum Refinery
Who is the owner of the Dangote refinery? The richest person in Africa, according to Forbes Real-Time Billionaires, Aliko Dangote, owns the Dangote refinery. The businessman who owns Dangote Group announced in September 2013 that he had secured about $3.3 billion in financing for the project.
Has the Dangote refinery started operation? The Dangote Refinery has started production in the early hours of Friday.
Who financed Dangote Refinery? Nigerian banks like First Bank and Access Bank played key roles in providing debt finance for the Dangote refinery project. The CBN also supported the refinery with a 120 billion naira loan facility.
Which area is Dangote Refinery located in? The refinery, Africa’s largest, was built on a peninsula on the outskirts of the commercial capital Lagos for $20 billion by the continent’s richest man, Aliko Dangote. Dangote refinery is located on a 2,635-hectare site on the Lekki Free Zone near the Lekki Lagoon, along the coast of the Atlantic Ocean.
How many jobs will the Dangote refinery generate? The integrated refinery is expected to generate 9,500 direct and 25,000 indirect jobs.
How many barrels per day is the Dangote refinery producing? Dangote Oil Refinery is a 650,000 barrels per day (BPD) integrated refinery project under construction in the Lekki Free Zone near Lagos, Nigeria.
How much does the Dangote refinery cost? Dangote’s 650,000-barrel capacity refinery, which is Africa’s largest oil refinery and the world’s largest single-train facility, is said to cost an estimated $19 billion.
