ALIKO DANGOTE TAKES THE WORLD BY STORM! BUILDS A SINGLE TRAIN WORLD'S LARGEST REFINERY IN LAGOS, NIGERIA. AS SEVEN COUNTRIES PRESIDENTS COMMISSIONED IT TODAY IN DANGOTE'S FREE TRADE ZONE, IBEJU LEKKI, LAGOS, NIGERIA.

Aliko Dangote is Africa's richest business man according to Forbes and Bloomberg track records. The journey of building world's largest refinery according to him actually started in 2007 when Nigeria as a country privatized the Oil industry. We bought two refineries back then but the government collapsed everything, he said in one of his interviews. 

In 2015, we started thinking of building another not until in 2010 when we started building what today has manifested into  a world's largest single train facility. 

Dangote Petroleum Refinery and Petrochemical project is a world's largest single train refinery and Africa 's largest refinery with capacity production of 650,000 barrels per day and can also meet 100% of the Nigeria's requirements of all refined products such as Gasoline,  Diesel, Kerosene and Aviation Jet A1.

The Dangote world class refinery has a total loading of 2,900 tank capacity of 33KL per day. It is situated in a land area of 2,635 hectares which is 7x the size of a highbrow area in Lagos, the Victoria Island. 

The world class project is designed to process a large variety of crudes including the crudes from Africa,  Middle East and US. The Dangote world class refinery has a 435 Megawatts  power station,  a deep seaport and  a fertilizer unit. The cost of building the refinery grew from initial planned $12b- $14b to whooping $19b now. Maybe still counting  though.It is said the NNPC Ltd has a stake of 20% in the Dangote refinery.

 Moving forward,  how does the Dangote refinery intends to do business  with the country's NNPC when the NNPC Ltd cried out not too long ago of oil theft? 


Now, the Dangote world class refinery does not have crude to refine on its own so, the big question here is, how would they be getting their crude oil to refine since  they have not reached an agreement with the NNPC Ltd to be buying from them?

Another question is: Will the Dangote refinery and Petrochemical company want to be buying crude oil from the local oil company in Nigeria, NNPC Ltd, since the NNPC is having low production regularly as a result of oil theft? And if they don't, where then will they be getting crude from to refine so that to the  ordinary Nigerian, PMS products will be cheaper than they are now? 

Will the Dangote refinery be importing crude oil from international markets and if they do, what will be the benefits of the Nigerian people giving to the facts that the Dangote refinery will really ease the pains and the hardship of Nigerians in terms of PMS products and other Petroleum products such as Kerosene,  gasoline and even Aviation Jet A1.

Parts of the efforts put into building this world class refinery project was  investments on training  900 young  engineers in refinery operations in abroad.  Six mechanical engineers trained in an Italian university, 50 management trainers, 50 process engineers trained abroad  as well.

Moving forward,  it appears that the Dangote refinery will not be buying her crude from the NNPC because of low production,  then it is expected to be importing from international oil companies and that means buying in dollars and selling at foreign exchange rate in Nigeria which does not make any difference from what obtains now.

What should Nigerians by expecting from the Dangote refinery projects moving forward?

Efosa Tv Channel News. Thanks for being part of our global readers. 


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