Nigeria’s Outgoing President Buhari To Commission Dangote’s Multi-Billion Oil Refinery In Two Weeks
Nigerian President Muhammadu Buhari will commission the multi-billion dollar Dangote oil refinery in two weeks, a presidency spokesperson said on Sunday, setting up the plant for its first production since construction started in 2016.
Spokesperson Bashir Ahmad said Buhari will commission the refinery, near Lagos, on May 22, a week before he is due to leave office after serving the maximum two terms allowed by the constitution.
A spokesperson for Dangote confirmed the timing of the commissioning but did not give details.
The Dangote refinery’s cost grew to $19 billion from initial estimates of between $12 billion and $14 billion, after years of delays and the multi-billion-dollar Oil Refinery and Petrochemical Company is expected to address Nigeria’s perennial refining problems.
Using this approach could assist the federal government in its efforts to become self-sufficient in refining crude oil locally in order to save precious foreign exchange used in petroleum importation.
Dangote Refinery, which is the world’s largest single-train refinery, will produce as much as 650,000 barrels per day, this translates to a total of 103,341,742 litres of refined petroleum product.
The refinery is said to have been completed with pre-inauguration tests currently ongoing.
The Dangote Refinery complex, located in the Lekki Free Zone area of Lagos State, covers a land area of approximately 2,635 hectares, which is larger than the size of Victoria Island in Lagos.
Its pipeline infrastructure is the largest anywhere in the world, with 1,100 kilometres to handle three billion Standard Cubic Feet per day (Scf/d) of gas due to the large capacity of the refinery.
Reports say that the refinery has a 435MW-capacity power plant that is able to meet the total power requirement of Ibadan Electricity Distribution Company (IBEDC).