The proposed Dangote oil refinery situated in Ibeju-Lekki, Lagos is predicted to be functional by the primary half of 2018, an official with the corporate has disclosed.
In response to the Dangote Industriesoperations director for petroleum refining, Mr. George Nicolaides, the plant will have the ability to process 500,000 barrels of crude a day. The brand new manufacturing capacity of the refinery exceed the earlier announced 400,000 barrels a day.
In an interview at the Platts African Refining Summit in Cape Town Monday, he stated: “The site is being cleared, the plant is cleared and is close to the beginning of detailed engineering./p>
The Dangote group got a $3.Three billion loan with 12 Nigerian and foreign lenders to build the refinery as well as a petrochemical and fertilizer complicated costing a total of $9 billion. “Supplying the native market is the primary goal. Naturally we are able to transfer product to the area. The government is being very supportive, very enthusiastic about this project. We are not in search of or wanting any specific subsidies.Nicolaides mentioned.
Dangote chosen Engineers India Ltd to do many of the detailed engineering work for the brand new plant. Building contractors are but to be appointed.
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