The Dangote Refinery, which is the largest single-train refinery in the world, has started operation.
The Refinery owned by Africa’s richest man, Aliko Dangote, and located in Ibeju-Lekki, Lagos, Nigeria’s commercial hub began production in the early hours of Friday, January 12, 2024.
Operations began with the delivery of six million barrels of crude supply to the refinery.
Originally planned to have started operations since June 2023, the oil refinery built by Aliko Dangote received its first crude deliveries in a step to starting up the delayed mega project.
The 650,000 barrel-per-day Dangote refinery could be a game changer for Nigeria’s economy when fully operational by helping end the country’s reliance on fuel imports.
The initial run will be for the production of diesel and aviation fuel before moving on to petrol output.
Though one of Africa’s largest oil producers and the continent’s top economy, Nigeria relies almost totally on imported fuel and diesel because of a lack of refining capacity.
Fuel imports and subsidies caused a huge drain on foreign exchange when Nigeria was struggling with dwindling oil revenues and foreign currency shortages.
“Dangote Petroleum Refinery can meet 100 percent of Nigeria’s requirement of all refined products, gasoline, diesel, kerosene, and aviation jet, and also have a surplus of each of these products for export,” the company said in a statement.
The facility sits on 2,635 hectares (6,500 acres) of land at the Lekki Free Zone on the edge of Lagos city and costs an estimated $19bn.
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