The giant refinery being built in Nigeria by Africa’s richest person, Aliko Dangote, will finally start operations by mid-2023, according to the state oil company, which has a 20% stake in the project.
“Projection is first quarter, but we think that it can come up latest by the middle of next year,” Mele Kyari, chief executive of the Nigerian National Petroleum Co (NNPC), told reporters in Abuja, the capital.
The NNPC will stop importing refined products next year, once the 650,000 barrel-a-day refinery starts up and the ongoing rehabilitation of the state firm’s own refineries is completed, he added.
The project, which also includes a fertilizer complex, started construction in 2016 and has been delayed several times.
NNPC will begin allocating crude production from its partnerships with oil companies to the refinery once it begins operations, according to Kyari.
“We have locked down the ability to sell 330,000 barrels-per-day minimum by right for the next 20 years,” he said.
The state-owned energy firm has also acquired the right to purchase 20% of production from the plant, Kyari added.
The refinery will primarily produce gasoline, but also some quantities of diesel and jet fuel.
Latest Stories
- I didn’t get the protection I needed for my difficult job – Professor Frimpong-Boateng
13 mins - If I were a thief, I would’ve been one of the richest Ghanaians – Prof Frimpong-Boateng
25 mins - The tables will turn one day – Prof Frimpong-Boateng reminds those in power
37 mins - Malaria Prevention: Ghana explores game-changing app solution with Zzapp Malaria
60 mins - NPP and NDC take campaign in Assin North to the next level
1 hour - I feel victimized; what wrong have I done in this country? – Prof. Frimpong-Boateng
1 hour - West Ham United beat Fiorentina to win Conference League
1 hour - Green Ghana: About 70% of trees planted in 2021 and 2022 survived- Deputy Lands Minister
1 hour - Driver and mate narrowly escape death as sprinter bus submerges in Okyereko river
2 hours - NSMQ23: Berekum Methodist SHTS defeats Drobo SHS to make debut appearance on national stage
2 hours - Complaint against Frimpong Boateng must be serious for OSP to treat him as a suspect – Samson Lardy Anyenini
2 hours - Livestream: Prof Frimpong-Boateng speaks about his arrest by Special Prosecutor
2 hours - Real Madrid agree 103m euro deal to sign Jude Bellingham
2 hours - Let’s collaborate to halt climate change – Lands Minister to academia
3 hours - Our focus in Ashanti is to increase votes – Sammy Gyamfi
4 hours