Our first petroleum products will hit market July – Dangote
Nigerian billionaire businessman, Aliko Dangote, says the Dangote Refinery will supply its first petroleum products to the market before the end of July.
He spoke on Monday at the inauguration of the 650,000 barrels per day (BPD) integrated refinery project located in the Lekki free trade zone area of Lagos State.
President Muhammadu Buhari a number of African leaders to inaugurate
$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.
“Our first products will be in the market before the end of July, beginning of August this year,” Dangote said.
He also said the commissioning ceremony was the beginning of a great journey, describing it as a milestone in a new and exciting trajectory for Nigeria’s oil and gas downstream sector.
“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,” he said.
He added, “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 market of toxic substandard petroleum products.”
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