The Dangote Petroleum Refinery to save Nigeria US$43 Billion on annual refined petroleum importation

The Dangote Petroleum Refinery owned by Africa’s richest man Aliko Dangote is set to save Nigeria US$43 billion on annual importation of petroleum oil products. The Dangote Petroleum Refinery is Africa’s biggest oil refinery and the world’s biggest single-train facility covering a land area of approximately 2,635 hectares, which is about six times the size of Victoria Island. According to The Dangote Petroleum Refinery, the Pipeline Infrastructure at the refinery is the largest pipeline infrastructure in the world, with 1,100 kilometres to handle 3 Billion Standard Cubic feet of gas per day.

The Dangote Petroleum Refinery has about sixteen oil storage facilities that can store 120 million litres of crude oil. According to Nairametrics, Nigeria daily consumption of petrol is estimated to be around 55 million litres a day. The Dangote Petroleum Refinery plans to process 650,000 barrels a day ( 103,350,000 Litres), which is almost twice the daily consumption of petrol in Nigeria.
What does this mean for the continent’s largest oil producer?
The Refinery will meet 100% of the Nigerian requirement of all refined products and also have a surplus of each of these products for export. Dangote Petroleum Refinery is a multi-billion dollar project that will create a market for $11 Billion per annum of Nigerian Crude. It is designed to process Nigerian crude with the ability to also process other crudes – Dangote Petroleum Refinery.

Author: Abu Bakarr Jalloh

Abu Bakarr Jalloh is a Sierra Leonean content writer, author, Neo Pan-African and founder of The African Dream, an online platform for inspiring, positive and compelling African stories. Contact: WhatsApp: +23276211583