Nigeria Business Information
No Result
View All Result
Monday, May 23, 2022
  • Login
  • Register
  • Home
  • Tenders
  • Auction
  • News
  • Grant
  • Subscription
Subscribe
Nigeria Business Information
  • Home
  • Tenders
  • Auction
  • News
  • Grant
  • Subscription
No Result
View All Result
Nigeria Business Information
No Result
View All Result
Home Nigeria News

Dangote Refinery to Commence Processing Before September

by SAMUEL Olugbenro
January 24, 2022
in Nigeria News
Dangote Refinery

The President, Dangote Industries Limited, Aliko Dangote has disclosed that the its oil refinery will start processing crude in the third quarter of this year.

According to him, the plant would start with a processing capacity of 540,000 barrels per day.

Bloomberg quoted him as saying in a briefing at the plant site in Lagos that  “Mechanical work on the refinery is complete and hopefully before the end of third quarter we should be in the market.”

“Full production can start maybe, by the end of the year or beginning of 2023,” he said.

The facility, which will cost an estimated $19bn to build, has an installed capacity of 650,000bpd. Its output will be more than enough to meet Nigeria’s fuel demands and turn Africa’s largest crude producer into an exporter of refined crude.

RelatedPosts

Food And Agriculture Organization (FAO)- Invitation To Bid For The Procurement Of Wet Blended Fertilizer NPK Complex 15-15-15 (In Bags Of 25 Kg) Delivery To Her Warehouses In Damaturu, Maiduguri And Yola

Alliance For A Green Revolution In Africa (AGRA)- Request For Proposal For Consultancy To Enhance The Capacity Of National Agricultural Seeds Council (NASC) To Deliver Effective And Efficient Seed Regulatory Service

Alliance For A Green Revolution In Africa (AGRA)- Request For Proposal From Consultants For Developing Regulations To Support Implementation Of The Nigeria Seed Act

READ ALSO: Osundare Gave Reasons Why Nigeria is Still Backward

Dangote, Africa’s richest man, addressed reporters along with Akinwumi Adesina, President of the African Development Bank, which previously provided a $300m loan in support of the project.

The AfDB head, Akinwumi Adesina and Dangote discussed possible collaboration to expand the billionaire’s businesses to more African countries to take advantage of the free trade area agreement.

They also talked about setting up an industrial manufacturing corps on the continent made up of the engineers that built the refinery. This will ensure that the skills gained can be shared with other countries in Africa and outside the continent.

According to the Bloomberg Billionaires Index, Dangote, originally a cement tycoon, is worth $20.4bn.

TOOLKIT: Are You New to Tenders/Contract Bidding and Require Assistance? CLICK HERE

ShareTweetShare

POPULAR

  • Tenders And Contracts Info - May 2022

    Check List of NGO/Governments Tenders with May 2022 Deadlines

    0 shares
    Share 0 Tweet 0
  • How to Check for your Individual TIN (Tax Identification Number) Online

    0 shares
    Share 0 Tweet 0
  • Caritas Nigeria- Request To Quote For The Supply Of ICT Materials

    0 shares
    Share 0 Tweet 0
  • How to Check Your Ikeja Electric (IKEDC) E-bills Online

    0 shares
    Share 0 Tweet 0
  • Mercy Corps- Invitation To Tender For Supply Of Shelter Construction Materials (2 Lots)

    0 shares
    Share 0 Tweet 0

Copyright © 2021. All Right Reserved Nigeria Business Information

No Result
View All Result
  • Home
  • Tenders
  • Auction
  • News
  • Grant
  • Subscription

Copyright © 2021. All Right Reserved Nigeria Business Information

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

instagram volgers kopen volgers kopen buy windows 10 pro buy windows 11 pro

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.