The Dangote Refinery, with a capacity of 650,000 barrels per day, will start operating today (Monday). It has been constructed to process crude oil grades from Africa, Asia, and America.
We also learned that the refinery would supply Nigeria with approximately 38 million litres of petrol, gasoline, kerosene, and aviation fuel per day, fully meeting the nation’s fuel requirements.
According to data from the firm’s document, the Dangote Refinery has the potential to create 26,716 filling stations. Also, it can generate 100,000 direct and indirect employment opportunities. Furthermore, it can create a $21 billion market for Nigerian crude oil annually.
At the beginning of this month, news emerged that Aliko Dangote planned to launch the Dangote Refinery on May 22.
Buhari Commissioning:
The president, Major General Muhammadu Buhari (ret. ), will conduct the inauguration. This is according to a tweet from a presidential aide, Bashir Ahmad. According to Ahmad;
“Efforts by the Federal Government to make Nigeria self-sufficient in local refining of crude oil to save the scarce foreign exchange used in the importation of petroleum products have received a boost as the 650,000 barrels per day Dangote Refinery, the world’s largest single-train refinery, is set for inauguration on May 22nd, 2023, by President Muhammadu Buhari”.
The Dangote Petroleum Refinery and Petrochemical Project, a division of Dangote Industries Limited, is a crude oil refinery with a capacity of 650,000 barrels per day. It is in the Dangote Industries Free Zone in Ibeju-Lekki, Lagos, Nigeria.
An industrial facility called the Dangote Petroleum Refinery converts crude oil into various helpful petroleum products like diesel, petrol, jet fuel, and kerosene. Furthermore, the refinery will generate polypropylene, jet fuel, petrol, and petrol and diesel of Euro-V standard.
The firm stated that the facility was “designed to process a large variety of crudes including many of the African crudes, some of the Middle Eastern crudes and the US (United States) Light Tight Oil.”
“The refinery is designed to use the latest technology to comply with stringent guidelines and regulations to protect the local environment, and at the same time produce the latest environmentally friendly petroleum products for worldwide markets,” the document from the firm stated.
Further Analysis
Nigeria’s fuel needs analysis vs. refinery capacity showed a daily excess production of 38 million litres of petrol, diesel, kerosene, and aviation fuel. The report specified the refinery’s production capacity – 20 million litres of petrol, 1 million litres of kerosene, 1 million litres of Jet A1, and 16 million litres of diesel daily. The refinery operates year-round with 177 tank farms, a capacity of 4.74 billion litres, and 2,900 tankers for road loading. “This number is based on a tanker capacity of 33 KL,” the firm stated.
cc: Punch Ng
