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LequteMan
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Nigeria- Dangote's planned refinery in Lagos state is expected to begin operation by the end of the year 2017 or at most middle of 2018, according to the company's Director for Petroleum refining, George Nicolaides, Bloomberg reports.
Excerpt:
Dangote Group, controlled by Africa’s richest man, expects an oil refinery it is building in Nigeria to come on-stream in late 2017 or the first half of 2018.
The plant in the Lagos area will be able to process 500,000 barrels of crude a day, George Nicolaides, Dangote Industries’ operations director for petroleum refining, said in an interview at the Platts African Refining Summit in Cape Town today.
“The site is being cleared, the plant is being designed,” Nicolaides said. “We are close to the beginning of detailed engineering.”
In September last year, Dangote said it had agreed on a $3.3 billion loan with 12 Nigerian and foreign lenders to build the refinery as well as a petrochemical and fertilizer complex costing a total of $9 billion. At the time, the facility in Africa’s biggest economy was expected to be completed in 2016 and the capacity of the refinery was put at 400,000 barrels a day.
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#Nigeria #Dangote
Excerpt:
Dangote Group, controlled by Africa’s richest man, expects an oil refinery it is building in Nigeria to come on-stream in late 2017 or the first half of 2018.
The plant in the Lagos area will be able to process 500,000 barrels of crude a day, George Nicolaides, Dangote Industries’ operations director for petroleum refining, said in an interview at the Platts African Refining Summit in Cape Town today.
“The site is being cleared, the plant is being designed,” Nicolaides said. “We are close to the beginning of detailed engineering.”
In September last year, Dangote said it had agreed on a $3.3 billion loan with 12 Nigerian and foreign lenders to build the refinery as well as a petrochemical and fertilizer complex costing a total of $9 billion. At the time, the facility in Africa’s biggest economy was expected to be completed in 2016 and the capacity of the refinery was put at 400,000 barrels a day.
click here to read more
#Nigeria #Dangote
