This African billionaire’s refinery will generate $27 billion annually – La Nouvelle Tribune

there Dangote Oil RefineryThe giant petrochemical complex is located here Lekki In and owned by NigeriaAliko DangoteAfrica’s richest man is poised to redefine the continent’s energy economy. The value of this refinery is estimated at $20 billion, and it has an ambitious goal of achieving annual sales of $1.5 billion. 27 billion dollars Once fully operational. The project therefore represents a major advance in the energy sector and promises a significant contribution to the country’s economy Nigeria And the African continent as a whole.

This huge refinery is expected to become the largest petrochemical production site in the country Africa. It initially aims to focus on the production of diesel, jet fuel and gas. Gasoline production is scheduled at a later stage, which demonstrates the long-term vision and scale of strategic plans to meet the region’s diverse energy needs.

The actual launch of refining operations is a historic moment, marked by the arrival of the first shipment of Nigerian crude to the facility. Despite years of delay, the tanker Otis It carries 950,000 barrels of Nigerian crude Aghami anchored in LekkiThis represents a decisive step for this huge project.

The refinery is initially designed to process 350,000 barrels of crude oil per day, and plans to eventually increase its capacity to 650,000 barrels per day. Obtaining a license to refine more than 300,000 barrels of Nigerian crude per day highlights the facility’s commitment to the country’s energy resources.