Dangote’s $9bn Refinery To Commence Production in 2017

Aliko DangoteDangote Group Spokesperson, Mr Tony Chiejina has confirmed the commencement of the 500,000 barrels per day capacity refinery that would start operations in Nigeria by 2017.
According to Mr Tony,the $9bn refinery which is to be situated in the Lagos area, should be able to come on stream between 2017 and 2018.
Meanwhile, a senior official of the Dangote Group, Mr. Mansur Ahmed also confirmed the 2017 timeline to Reuters at an African refiners’ conference in Cape Town. He stated that, “By the third quarter of 2017, we expect to be looking at the inauguration,” Dangote Industries Limited’s Executive Director of Stakeholder Management and Corporate Communications.
The refinery is expected to cut reliance on international markets for Nigeria, which is Africa’s largest oil producer, but imports more than 80 percent of its fuel needs.
The refinery is being designed to process Nigerian crude mix and produce products conforming to Euro V fuel specifications, as fuel demands across the continent are forecast to rise rapidly with many countries enjoying strong economic growth.
The Dangote Group has interests ranging from cement to basic food processing to oil and gas.

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