Dangote to boost Nigeria’s local refining to 1.095m bpd

0
2052
A Dangote Cement Plc logo stands on a barrier at the under-construction Dangote Industries Ltd. oil refinery and fertilizer plant site in the Ibeju Lekki district, outside of Lagos, Nigeria, on Thursday, July 5, 2018. The $10 billion refinery, set to be one of the worlds largest and process 650,000 barrels of crude a day, should be near full capacity by mid-2020, Devakumar Edwin, group executive director at Dangote Industries said in an interview. Photographer: Tom Saater/Bloomberg via Getty Images

Dangote Refinery will assist Nigeria to achieve the 1.095 million barrels per day (bpd) domestic refining target that will make it be self-sufficient in refined petroleum products.

Chief Operating Officer, Upstream, Nigerian National Petroleum Corporation (NNPC), Engr. Bello Rabiu, stated this yesterday at the ongoing Nigeria Oil and Gas Opportunity Fair (NOGOF) in Yenagoa, Bayelsa State.

Speaking on ‘Upstream Opportunity in the Oil and Gas Sector’, Rabiu commended the President of Dangote Group, Aliko Dangote for his commitment to the downstream sector.

According to him, the coming on stream of the Dangote 650,000 bpd Refinery and efforts by the NNPC to revamp the country’s refineries in Port Harcourt, Kaduna and Warri with total capacity of 445,000 bpd, would help to achieve zero importation of refined petroleum products. Speaking during a technical session on “Infrastructure as a key enabler for opportunities in the oil and gas sector,” the Executive Director, Dangote Group, Ahmed Mansur, said private sector investment and execution capacity in the gas sector needed to complement government’s efforts in the industry.

Mansur said the Dangote Group catalyses private investment to supplement the Federal Government’s onshore gas development agenda. He added that the company is building pipeline infrastructure that would augment the natural domestic gas supply and add an estimated 12,000 megawatts (Mw) of electricity to the power generation capacity.

Mansur said the first phase of the project is expected to deliver gas for use by Dangote Industries including the proposed fertilizer plant in the refinery complex and other identified industrial and power plant users.

“The pipeline infrastructure will create a corridor for evacuation of trapped gas from offshore platforms in Nigeria for utilisation and monetisation.

“The project is expected to improve gas supply security for use by power plants, fertiliser production and other industrial factories. It will complement the existing gas supply system in the country and also complement the Nigerian Gas Master Plan,” he added.

With works on the refinery being intensified to meet the completion deadline, Mansur said: “We have bought 1026 trucks and tippers to improve the capacity of the local logistics. We have set up the world largest ready-mix concrete capacity at any given location to produce ready mix concrete including 72 concrete pumps and 141 transit mixers since the annual concrete manufacturing capacity in the country is inadequate.”

He said the company is currently training 200 artisans selected from the Ibeju Lekki host communities in the areas of masonry, carpentry, air condition electricians, plumbing, welders, iron-benders and auto mechanics in collaboration with the Nigerian Directorate of Employment and the Nigerian Content Development and Monitoring Board.

SHARE
Previous articleNigeria Equity Market extends bearish performance… ASI Down 0.4%

Next articleReps summon CBN governor, AGF over N33b pension fund
Joseph Afam (Local Contents and Partnership Editor) (070 3949 0464) Joseph Afam is a energy and finance journalist, who has years of experience in journalism, he started his journalism career in Nigeria’s top financial newspaper in Lagos. He’s a graduate of Economics and Finance from University of Ebonyi State, Nigeria He has won series of awards and regconitions Contact him for any editorial deals and advertorial issues on # Joseph.Afam@naija247news.com, editor@naija247news.com, Cell: 070 3949 0464

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.