Zenith

  • Latest News

    Monday, May 30, 2022

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

    L-R: Representative of the President /CE, Dangote Industries Limited, Engr. Babajide Soyode, Technical Consultant - Dangote Industries Limited, Dangote Oil Refinery Company Limited, AGM Training , Development & Stakeholders Relationship Management, Dr. Ebele Oputa, Nigerian Content Development Monitoring Board, Director of Monitoring and Evaluation, Akintunde Adelana, Nigerian Content Development & Monitoring Board, Director of Planning, Research & Statistics, Daziba Patrick Obah, at the Dangote Petroleum Refinery Sponsor The Nigerian Content Midstream - Downstream , Oil and Gas Summit 2022, in Lagos on Tuesday 24th may 2022

    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. He noted that the development of specific, sustainable equipment manufacturing and services should be the focus of the NCDMB and the Federal Government.

    “Combined refining capacity of more than 1.4mbpd is expected from these focus areas within the next five years. About 400,000bpd is expected from the rehabilitation of NNPC refineries in Port Harcourt, Warri, and Kaduna using target performance of not less than 90 per cent of nameplate capacity. The greenfield element of the roadmap covers the 650,000bpd Dangote Refinery in Lagos and the 200,000bpd BUA Refinery in Akwa Ibom,” said Wabote.

    On his part, the Chief Executive Officer, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr. Farouk Ahmed, said there were huge opportunities in the oil and gas value chain.

    Ahmed, represented by Mr. Francis Ogaree, Executive Director, Hydrocarbon Processing Plants, Installations and Transportation Infrastructure, NMDPRA, said the authority would continue to enable business in the sector.

    • Blogger Comments
    • Facebook Comments

    0 comments:

    Item Reviewed: Dangote Refinery to Expose Nigeria’s Downstream, Midstream Sectors to Global Markets Rating: 5 Reviewed By: BrandIconImage
    Scroll to Top