Oil & Gas

Completion of $10billion Dangote refinery delayed by at least 6 months

964


The completion of the new $10 billion Dangote’s refinery is to be delayed by at least 6 months, according to reports from oil price.com.

Dangote, believes that the 650,000-bpd facility could be near its full capacity by the middle of  2020 which would be some one and a half years later than the originally planned startup date.

Back in 2016, Dangote, said that the refinery would aim to meet all of Nigeria’s daily demand for fuels of up to 550,000 bpd. The excess, he said, would be exported. At that time, some initial works for the refinery were already under way, with plans to bring it online by late 2018.

The startup date has been pushed out several times.

Author

See also  Oil block OML 17 acquisition targets tripling production, raising 27,000bpd to 100,000bpd – Tony Elumelu Group

Leave a comment

Related Articles

Olu Verheijen’s Strategic Energy Reforms Propel Nigeria to Africa’s Top Oil and Gas Investment Destination Under Tinubu

Nigeria has emerged as Africa’s leading destination for oil and gas investment,...

N210tn Probe Claims Against Bala Wunti Are False, Group Fires Back, Celebrates Oil Giant’s Reform Legacy

A civic advocacy group, Agenda for Positive Change, led by Titus Danladi-Biu,...

Nigeria’s Energy Crisis: Dangote Unveils 20,000MW Plan

Following decades of unmet government targets and chronic grid instability, the Dangote...

₦210tn NNPCL Claim: Prove It or Withdraw It, Group Tells Senate

The Fiscal Accountability Committee of Tomorrow, FACT, has challenged the Senate to...