The Dangote Refinery and Petrochemical Company in Lagos has been completed and will be inaugurated by President Muhammadu Buhari on May 22, 2023.
The Group Chief Branding and Communications Officer, Dangote Industries Ltd., Mr. Anthony Chiejina disclosed this in a statement on Sunday in Lagos.
The facility, according to the statement, is expected to produce 650,000 barrels per day with the cost of completion pegged at $19 billion.
The 650,000 barrels per day refinery is expected to boost the Federal Government’s effort to make Nigeria self-sufficient.
The Dangote Refinery complex located in the Lekki Free Zone area of Lagos, covers a land area of approximately 2,635 hectares, which is larger than the entire Victoria Island.
The refinery is the biggest in Africa and also the biggest single-train facility in the world.
A single-train refinery uses an integrated distillation unit or one Crude Distillation Unit (CDU) to refine crude oil into various petroleum products. This is against the use of multiple distillation units by most big refineries.
The refinery, worth $19 billion, is the largest oil refinery in Africa and Largest Single Train in the World with Nelson complexity index (NCI) of 10.5 (average in Europe is 6.5). It’s single train because it’s the largest refinery (by volume) in the world to operate on a single Crude Distillation Unit (CDU).
The refinery is connected by the Largest Sub-sea pipeline infrastructure in the world (1,100km long) to Oil and Gas blocks in the Niger Delta Subregion for supply of Crude Feedstock and Gas to power the 435MW Electricity Generation Facility.
Dangote Refinery will convert crude oil into 8 refined products such as gasoline, kerosene/jet fuel, diesel, propane/Liquefied Petroleum Gas (LPG), Polypropylene, and other value-added fuels. It is expected to meet 100% of the Nigerian requirements of all refined products as the 650,000 barrels of crude correspond to 50m litters of Euro-V Gasoline (PMS), 17m liters of Diesel (AGO) as well as Kerosene/Jet Fuel and other Petrochemicals.
The Refinery will create about 150,000 direct and indirect jobs for Nigerians and create a market $21 billion per annum for Nigerian crude. Dangote Refinery will help Nigeria save a whooping $3.8 billion in imports and Foreign Exchange demand annually.
