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Nigeria To Produce Africa’s biggest refinery(See How)

Nigeria To Produce Africa’s biggest refinery(See How)

The completion of Dangote Refineryin 2019 will mark another milestonein the Nigerian oil and gas industry as the $11 billion refinery hold the prospect of stopping of refined petroleum products by Nigeria.The Dangote Refinery will produce 650,000 barrels per day of refined petroleum products to meet all the country’s refined petroleum products needs as well as export to other countries.Nigeria spent N2.59 trillion to import refined petroleum products in 2016, according to the Nigeria Bureau of Statistics. founder of Dangote Group of Companies and the richest man in Africa.Dangote, the promoter, said that therefinery projects were primarily meant to diversify the resource baseof Nigeria.“This is the biggest industrial site anywhere in the world from the fertiliser, petrochemical and refineryplants. The Dangote Refinery will produce 650,000 barrels per day of refined petroleum products to meet all the country’s refined petroleum products needs as well as export to other countries.Nigeria spent N2.59 trillion to import refined petroleum products in 2016, according to the Nigeria Bureau of Statistics.

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