Home West Africa State-owned NNPC to supply crude to Dangote refinery

State-owned NNPC to supply crude to Dangote refinery

86

(4 minutes read)

Dangote Oil Refinery is a 650,000 barrels per day (BPD) integrated refinery project under construction in the Lekki Free Zone near Lagos, Nigeria. It is expected to be Africa’s biggest oil refinery and the world’s biggest single-train facility

Dangote Oil Refinery is a 650,000 barrels per day (BPD) integrated refinery project under construction in the Lekki Free Zone near Lagos, Nigeria. It is expected to be Africa’s biggest oil refinery and the world’s biggest single-train facility.

The Pipeline Infrastructure at the Dangote Petroleum Refinery is the largest anywhere in the world, with 1,100 kilometers to handle 3 billion standard cubic feet of gas per day. The Refinery alone has a 435MW Power Plant that can meet the total power requirement of Ibadan DisCo.

The Refinery will meet 100% of the Nigerian requirement of all refined products and also have a surplus of each of these products for export. Dangote Petroleum Refinery is a multi-billion-dollar project that will create a market for USD 21 billion per annum of Nigerian Crude. It is designed to process Nigerian crude with the ability to also process other crudes.

The refinery is poised to reshape oil trading in the Atlantic Basin, potentially affecting European and U.S. fuel exports to Africa. Located in the Lekki Free Trade Zone near Lagos, the Dangote refinery aims to make Nigeria a net exporter of fuels.  NNPC sources pointed out that six crude oil shipments, aggregating 200,000 barrels per day, are part of a one-year deal for December. The future volumes are to be determined mutually.

The refinery, which started commissioning in May after experiencing inordinate delays and exceeding cost estimates at US$19 billion, is expected to gradually improve its fuel output as it approaches full operational capacity.

Dangote Oil Refinery is a 650,000 barrels per day (BPD) integrated refinery project in the Lekki Free Zone near Lagos, Nigeria. It is expected to be Africa’s biggest oil refinery and the world’s biggest single-train facility. The Pipeline Infrastructure at the Dangote Petroleum Refinery is the largest anywhere in the world, with 1,100 kilometers to handle 3 Billion Standard Cubic feet of gas per day. The Refinery alone has a 435MW Power Plant that is able to meet the total power requirement of Ibadan DisCo.

Read Also:

https://trendsnafrica.com/dangote-refinery-and-fertiliser-plant-hailed-as-game-changer-for-nigerian-economy/

https://trendsnafrica.com/aliko-dangotes-oil-refinery-commissioned-nigeria-pins-hope-to-meet-its-oil-requirements/

The Refinery is expected to meet 100% of the Nigerian requirement of all refined products and also have a surplus of each of these products for export. Dangote Petroleum Refinery will create a market for US$21 billion per annum of Nigerian Crude. It is designed to process Nigerian crude with the ability to also process other crudes. The project has attracted a fair degree of criticism on account of its inordinate delays in commissioning, which has led to both cost and time overruns.