CEM REPORT, OIL & GAS | The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has revealed that the 650,000 barrels per day Dangote refinery in Lagos is at 97 per cent completion.
According to the NMDPRA’s Chief Executive, Farouk Ahmed, the integrated refinery and petrochemical complex in the Lekki Free Zone near Lagos, Nigeria, is expected to be the world’s biggest single-train facility, upon commissioning.
He disclosed when the agency hosted representatives of the refinery in his office in Abuja to present the work plan of the facility for 2022/2023.
“Today, representatives of the Dangote Refinery and Petrochemicals presented their 2022/2023 work plan to the Authority which showed that the refinery project is estimated to be at 97 per cent completion.
“Dangote Oil Refinery is a 650,000 barrels per day integrated refinery project under construction in the Lekki Free Trade Zone, Lagos. It is expected to be Africa’s biggest oil refinery and the world’s biggest single-train facility.”
The estimated $20 billion project will help in meeting the increasing demand for fuels in the country.
The refinery is expected to produce Euro-V quality gasoline and diesel, as well as jet fuel and polypropylene and is projected to generate 4,000 direct and 145,000 indirect jobs.
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The new refinery is estimated to have an annual refining capacity of 10.4 million tonnes of petrol and is projected to provide cost and foreign exchange savings for the country.
