The Dangote Refinery, situated in Lagos, Nigeria, is poised to become a game-changer in Africa’s energy sector.
As the largest single-train refinery in the world, this ambitious project is spearheaded by Nigerian billionaire, Aliko Dangote.
In just a minute, let’s explore the significance of this mega-refinery.
1. Location
The Dangote Petroleum Refinery is located in Ibeju-Lekki, Lagos, covering a land area of approximately 2,635 hectares (seven times the size of Victoria Island).
2. Largest Single-Train Refinery In The World
With a remarkable capacity of 650,000 barrels per day, the Dangote Refinery stands as the largest single-train refinery globally.
This colossal facility will play a pivotal role in meeting the rising demand for petroleum products within Nigeria and beyond.
Also, it will reduce the need for imports, and promote self-sufficiency.
3. Dangote Refinery Invests in Local Capacity
The refinery bought over 1,209 units of various equipment to enhance the local capacity for site work since even the biggest local civil contractors are unable to handle even small portions of our construction requirements.
4. Global Achievements
Dangote is one of the few companies in the world that executes a petroleum refinery and a petrochemical complex directly as an engineering, procurement, and construction (EPC) contractor.
Globally, apart from three companies, no individual owner has completed the complete EPC contract for a petroleum refinery.
5. Boosting Nigeria’s Downstream Sector
The company completion signifies Nigeria’s emergence as a thriving petrochemical hub.
Also, the integration of refining and petrochemical capacities facilitates the production of a wide range of value-added products, such as petrochemicals, fertilisers, and plastics.
This growth in the downstream sector opens up avenues for trade, investment, and economic diversification.
Bottom Line
It is expected that once this refinery begins operations, Nigeria will cease to witness scarcity of petrol.
However, there are claims that the cost of petrol could go as high as between 700 and 1000 Naira.
This is because the government is targeting this opening to also implement its subsidy removal.
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