• Tuesday, November 19, 2024
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Dangote Refinery to begin operations in March as pre-commission tests near end

Hurdles before world’s largest single-train refinery

The Dangote Refinery is nearing completion as pre-commissioning tests reach concluding stages making a launch date in the first quarter of 2023 feasible, BusinessDay has learnt.

Sources close to the company’s plans said the refinery, billed as the largest single-train refinery in the world with a capacity to process 650,000 barrels per day could see the first refining runs begin as early March.

President Muhammadu Buhari, who doubles as the Minister of Petroleum is expected to commission the refinery before he leaves office on May 29.

Read also: FG begins bid round for seven deepwater oil blocks January

Farouk Ahmed, chief executive of the Nigerian Midstream Regulatory Authority, at an energy conference in Lagos two months ago said representatives of the company visited his office to present a work plan of the facility for 2022/2023 in which it noted that the project was at 97 percent completion.

The integrated refinery and petrochemical complex in the Lekki Free Zone near Lagos, Nigeria, will produce Euro-V quality gasoline and diesel, as well as jet fuel and polypropylene and will likely generate 4,000 direct and 145,000 indirect jobs.

It is expected to double Nigeria’s refining capacity and help in meeting the increasing demand for refined petroleum products, while providing cost and foreign exchange savings. It is estimated to have an annual refining capacity of 10.4 million tonnes of petrol.

Isaac Anyaogu is an Assistant editor and head of the energy and environment desk. He is an award-winning journalist who has written hundreds of reports on Nigeria’s oil and gas industry, energy and environmental policies, regulation and climate change impacts in Africa. He was part of a journalist team that investigated lead acid pollution by an Indian recycler in Nigeria and won the international prize - Fetisov Journalism award in 2020. Mr Anyaogu joined BusinessDay in January 2016 as a multimedia content producer on the energy desk and rose to head the desk in October 2020 after several ground breaking stories and multiple award wining stories. His reporting covers start-ups, companies and markets, financing and regulatory policies in the power sector, oil and gas, renewable energy and environmental sectors He has covered the Niger Delta crises, and corruption in NIgeria’s petroleum product imports. He left the Audit and Consulting firm, OR&C Consultants in 2015 after three years to write for BusinessDay and his background working with financial statements, audit reports and tax consulting assignments significantly benefited his reporting. Mr Anyaogu studied mass communications and Media Studies and has attended several training programmes in Ghana, South Africa and the United States

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