The Dangote Refinery, the largest single-train refinery in the world, located in Nigeria’s commercial hub, began operations on Friday, January 12.
This followed the delivery of six million barrels of crude supply to the refinery this week.
Here’s a timeline of the refinery’s operations:
1. Excavation works began on the site in 2016 with maximum support from the APC-led federal government.
2. NNPC got a 20% deal in 2021 at 2.76bn to have some say via crude supply agreements.
3. Plant is Africa’s largest refinery with a capacity to refine about 650,000 barrels of crude per day.
4. First crude of 950,000barrel received on 7th of December, 2023
5. The refinery will prioritize local supply feeding all Nigerian demands before excesses will be exported.
6. Expected to cater to over 12% of Africa’s product demand, potentially reducing petroleum imports across the continent by 36%.
7. Upon reaching full operational capacity, the facility is anticipated to produce a daily output of 327,000 bpd of gasoline, 244,000 bpd of gasoil/diesel, 56,000 bpd of jet fuel/kerosene, and 290,000 mt/year of propane/LPG.
8. Plans in place by the company to have the $20bn facility listed on the already booming Nigeria Stock Exchange.
