Dangote’s Petroleum Refinery to change Nigeria’s Narrative.
Dangote Refinery is owned by the Dangote Group and the total investments in developing the project is estimated to cost $15bn.
The refinery is situated on 6,180 acres (2,500 hectares) site at the Lekki Free Zone, Lekki, Lagos State. This location will allow for the transshipment of refined petroleum products to international markets.
An oil refinery or petroleum refinery is an industrial process plant where crude oil is transformed and refined into more useful products such as petroleum naphtha, gasoline, diesel fuel, asphalt base, healing oil, kerosene, liquified petroleum gas, jet fuel, and fuel oils.
Aliko Dangote unveiled early plans for the refinery in September 2013, when secured financing for the project. The construction of the refinery began in 2016. In July 2017, major structural construction began, and it is estimated that the refinery would be mechanically complete in late 2019 and commissioned in 2020.
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The refinery will process about 650,000 barrels of crude oil daily, transported via pipelines from oil fields in the Niger Delta, where natural gas will also be sourced to supply the fertilizer factory and be used in an electrical generation for the refinery complex. With a single crude oil distillation unit, the refinery will be the largest single-train refinery in the world.
At full production, the facility will be able to produce 50,000,000 liters (13,000,000 US gal) of gasoline and 17,000,000 liters (4,500,000 US gal) of diesel daily, as well as aviation fuel and plastic products. With greater capacity than the total output of Nigeria’s existing refining infrastructure, the Dangote Refinery will be able to meet the country’s entire domestic fuel demand, as well as export refined products. It would vastly reduce the annual $8bn Nigeria spends on the importation of fuel. The project is expected to create about 4,000 direct and 145,000 indirect jobs.
Aliko Dangote started as a small trading company, today, it is a multi-trillion naira conglomerate with many of its operations in different countries in Africa.
There is no stopping Aliko Dangote anytime soon, he continues to prove to us that our dreams are valid, starting out with a $3000 loan from uncle to building the largest second train refinery is the solid work of achiever.
We are inspired.