Expect our petroleum products by July ending, says Dangote
Dangote
Aliko Dangote, founder of Dangote Group, says the Dangote Refinery will supply its first petroleum products to the market by July ending.
The Africa richest man spoke on Monday at the inauguration of the 650,000 barrels per day refinery project in the Lekki free trade zone area of Lagos State.
President Muhammadu Buhari and a number of African leaders were on hand to inaugurate the $19bn project, said to be Africa’s largest oil refinery and the world’s largest single-train facility.
The combined refinery and petrochemical complex is expected to create 9,500 direct jobs and 25,000 indirect jobs.
Dangote, who noted that the inauguration of the project was a milestone in the trajectory for Nigeria’s oil and gas downstream sector, said, “Our first products will be in the market before the end of July, beginning of August this year.
“It is our firm commitment that we will replicate in this sector what we have actually achieved in the cement and fertilizer markets while Nigeria transformed from being the largest importer of these crude products to a net exporter.
- “Our first goal is to ramp up projections of various production to ensure that within this year, we are able to fully satisfy our nation’s demand for higher quality products to enable us to eliminate the tragedy of import dependency and stop, once and for all, the dumping in our marketof toxic substandard petroleum products.”
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