Dangote Refinery to Expose Nigeria’s Downstream, Midstream Sectors to Global Markets
05.30.2022 - NEWS

May 30, 2022 [The Sun] – The coming on stream of the 650,000 barrels-per-day Dangote Petroleum Refinery will guarantee availability of high quality environmentally compliant products in Nigeria, regional markets in West Africa, Southern Africa and inter-continental markets.

 

The President/CE of Dangote Group, Aliko Dangote, made this disclosure on Tuesday at the Nigerian Content Midstream – Downstream Oil and Gas Summit 2022, which held in Lagos. Dangote, who was represented by the company’s technical consultant, Babajide Soyode, said Dangote Petroleum Refinery would promote competition of local refining in Africa by encouraging existing large refineries to upscale, which would result in surplus products for exports.

He stated: “Dangote Petroleum Refinery will guarantee adequate fuels production for domestic consumption, availability of excess products for export, stabilisation of domestic currency, upgrading and expansion of Nigerian National Petroleum Corporation refineries and promotion of prospects of Nigeria transformation to a regional refining hub.”

Soyode emphasised the need for the Federal Government to invest more on quality infrastructure to reduce importation of refinery equipment that would ordinarily be sourced in Nigeria.

Pro Trial: Access 10,390 Tank Terminal and Production Facilities

10,390 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Why Is There a Decrease of Worldwide Oil-Refining?
06.27.2022 - NEWS
June 27, 2022 [VOA] – Drivers around the world are feeling pain as fuel prices greatly incr... Read More
LNG Terminal in Wilhelmshaven: Construction of the Pipeline May Start Early
06.27.2022 - NEWS
June 27, 2022 [CALIFORNIA18] – The State Office for Mining, Energy and Geology (LBEG) in Lo... Read More
ExxonMobil to Look at Revamping Oil Terminal for Green Hydrogen
06.27.2022 - NEWS
June 27, 2022 [ENERGY VOICE] – Oil giant ExxonMobil (NYSE: XOM) is to study the potential f... Read More
Oman’s Duqm Refinery Works 92% Complete
06.27.2022 - NEWS
June 27, 2022 [The Economy CI ub] – Oman’s Duqm refinery works are nearly 92 percent comp... Read More