The Nigerian Midstream And Downstream Petroleum Regulatory Authority (NMDPRA) has recently disclosed that Dangote’s refinery which has a capacity to produce 650,000 barrels per day is now 97 percent complete, stating that it will become functional soon.
Chief Executive Officer of NMDPRA Mr. Farouk Ahmed disclosed this when he was visited by the representatives of the refinery in his Abuja office to present the work plan of the facility for 2022/2023.
The NMDPRA boss in a statement said, “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 percent 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 Chairman of the Dangote Group Alhaji Aliko Dangote had earlier disclosed that the Refinery would be ready for commissioning before the end of the tenure of President Muhammadu Buhari.
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 which covers a land area of approximately 2,635 hectares.
The Pipeline Infrastructure at the refinery is reputed to be the largest anywhere in the world, with 1,100 kilometers to handle 3 billion Standard Cubic feet of gas per day.
Estimated to cost about $20 billion, the refinery will produce Euro-V quality gasoline and diesel, as well as jet fuel and polypropylene, and will likely generate 4,000 direct and 145,000 indirect jobs.
Upon completion, the refinery has been predicted to double Nigeria’s refining capacity which will help the country to meet the increased demand for fuel while providing cost and foreign exchange savings with the estimation of an annual refining capacity of 10.4 million tonnes of petrol.
It would also provide jobs for Nigerians, which will curb the country’s unemployment rate, and also generate more tax money which would be used by the government to develop the country further.