Nigeria To Earn $21 Billion Yearly From Dangote Refinery
Posted By Town Crier News Nigeria
Published By Fitness Network Communications
As the Dangote refinery gets ready for commissioning, it has been estimated that the 650,000 barrels per day plant would yield about $21 billion yearly for Nigeria.
A fact sheet on Dangote refinery obtained by SlyeNews revealed that the plant is the world’s largest single-train 650,000 barrels per day petroleum refinery with 900 KTPA polypropylene plant.
The fact sheet drawn by the company, said: “The Dangote refinery plant is a legacy project that will see Nigeria netting 21 billion dollars per annum”.
Built by billionaire industrialist Aliko Dangote, the refinery is located in Ibeju-Lekki, Lagos, covering a land area of approximately 2,635 hectares (seven times the size of Victoria Island.)
The refinery is billed for commissioning by President Mohammadu Buhari on May 22.
The facts revealed that Dangote refinery can meet 100 per cent of the Nigerian requirement of all refined products (Gasoline, 53 million litres per day; Diesel, 34 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.
Besides, the refinery is laced with 435 Mega Watts (MW) power plant, which is said to have capacity to meet the total power requirement of five states.
The facility has 177 tanks of 4.742 billion litre capacity, while the temporary housing units on the premises can house 33,000 persons.
Designed for 100% Nigerian crude with flexibility to process other crudes, the fact sheet revealed that diesel and gasoline products from the refinery will conform to Euro V specifications.
For easy off-take of products, the plant is constructed with two quays with a load bearing capacity of 25 tonnes/ sq meter to bring Over Dimensional Cargoes close to the site directly. It constructed two more quays in the port with a capacity to handle up to Panamax vessels to export the fertiliser and the petrochemicals and two quays to handle liquid cargoes. The port will thus have six quays, including a Roll-on/Roll-off quay.
Dangote is one of the few companies in the world executing a Petroleum Refinery and a Petrochemical complex directly as an Engineering, Procurement, and Construction (EPC) Contractor. Globally, apart from three companies, no individual owner has done the complete EPC Contract for a Petroleum Refinery.
The company is training of 900 young engineers in refinery operations outside the country, while another six mechanical engineers were trained in the GE University in Italy. Also, 50 process engineers have been trained by Honeywell/UOP for six months; and 50 management trainees.