{"id":3306,"date":"2025-03-12T08:17:04","date_gmt":"2025-03-12T08:17:04","guid":{"rendered":"https:\/\/citywatch.ng\/?p=3306"},"modified":"2025-03-12T08:17:04","modified_gmt":"2025-03-12T08:17:04","slug":"president-buhari-five-african-leaders-to-commission-dangote-petroleum-refinery-today-2","status":"publish","type":"post","link":"https:\/\/citywatch.ng\/?p=3306","title":{"rendered":"President Buhari, five African Leaders to commission Dangote Petroleum Refinery Today"},"content":{"rendered":"
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In an epoch-making event that will positively transform Nigeria\u2019s oil and gas sectoral landscape, President Muhammadu Buhari will today commission Dangote Petroleum Refinery & Petrochemicals, the world\u2019s largest single train refinery in Ibeju-Lekki<\/span>, Lagos, alongside his counterparts from Ghana, Togo, Senegal, Niger, and Chad.<\/div>\n
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Promoted by Africa\u2019s richest man, Aliko Dangote, the petroleum refinery with a capacity to process 650,000 barrels per day (bpd) is sitting on 2,635 hectares of land located in Dangote Industries Free Zone in Ibeju-Lekki, Lagos, and will provide employment to over 100,000 persons. The coming on stream of the gigantic project is expected to mark Nigeria\u2019s exit from the league of oil rich nations but which are heavy importers of the petroleum products.<\/div>\n
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Expected at the historic event apart from international dignitaries are Presidents of Togo, Gnassingb\u00e9 Eyad\u00e9ma; Ghana\u2019s Nana Akufo-Addo; President of Senegal, Macky Sall; President of Niger Republic, Mohamed Bazoum, President of Chad, Mahamat D\u00e9by and a host of ambassadors.<\/div>\n
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President Paul Kagame of Rwanda, who will not be physically present will however present his goodwill message virtually.<\/div>\n
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As at the time of filing this report, all the 36 state governors and most of the governors-elect, ministers, senators, and captains of industries in Nigeria and others from outside the country, global oil traders, top international bankers, international multilateral agencies have indicated their readiness to grace the ceremony.<\/div>\n
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Nigeria\u2019s President-Elect, Bola Ahmed Tinubu whose administration as the governor of Lagos in 2002 floated the Free Trade Zone in Ibeju-Lekki where the Refinery is located, is expected to be at the event.<\/div>\n
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The commissioning of Dangote Petroleum Refinery is significant given that it is the first time that a refinery of such magnitude built by an individual is being commissioned.<\/div>\n
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Dangote\u2019s petroleum refinery is expected to meet the needs of Nigerian consumers and those in neighbouring countries, while allowing for exports beyond the African continent. The refinery will drive the promotion of the African Continental Free Trade Area (AfCFTA) as over 50 countries in the trade bloc depend on imported refined petroleum products.<\/span><\/div>\n
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According to the Facts Sheet on Dangote Petroleum Refinery, the new Refinery can meet 100% of the Nigerian requirement of all refined products (Gasoline, 53 million litres per day; Diesel, 34 million litres per day; Kerosene, 10 million litres per day, and Aviation Jet, 2 million litres per day) and also have surplus of each of these products for export.<\/div>\n
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\u201cThe refinery is designed for 100% Nigerian Crude with flexibility to process other crudes. It has self-sufficient marine facility with ability for freight optimisation, and the largest single order of 5 SPMs anywhere in the world. Diesel and Gasoline Products from the refinery will conform to Euro V specifications.<\/div>\n
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\u201cThe refinery design complies with World Bank, US EPA, European emission norms and Department of Petroleum Resources (DPR) emission\/effluent norms. State-of-the-art technology. Designed to process large variety of crudes including many of the African Crudes, some of the Middle Eastern Crudes and the US Light Tight Oil,\u201d the Facts sheet added.<\/div>\n
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It also stated: \u201c65 Million Cubic Metres of sand dredged costing approximately Euros 300 million, using the world\u2019s largest, the second largest and the tenth largest dredgers to elevate the height by 1.5 metres, to insure against any potential impact of increase in mean sea level due to global warming. Bought over 1,209 units of various equipment to enhance the local capacity for site works.<\/div>\n
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\u201c332 cranes to build up equipment installation capacity. Built the world\u2019s largest granite quarry to supply coarse aggregate, stone column material, stone base, stone dust & material for break water. (10 million tonnes per year production capacity).<\/div>\n
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\u201cDeveloped a port and constructed two quays with a load bearing capacity of 25 tonnes\/ sq metres to bring Over Dimensional Cargoes close to the site directly. The company also constructed two more quays in the port with a capacity to handle up to Panamax vessels to export fertiliser and the petrochemicals and two quays to handle liquid cargoes. The port will thus have 6 quays, including a Roll-on\/Roll-off quay\u201d, the sheet added.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n