The proposed Dangote oil refinery situated in Ibeju-Lekki, Lagos is expected to be functional by the first half of 2018, an official with the company has disclosed.
According to the Dangote Industries’ operations director for petroleum refining, Mr. George Nicolaides, the plant will be able to process 500,000 barrels of crude a day. The new production 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 said: “The site is being cleared, the plant is cleared and is close to the beginning of detailed engineering.”
The Dangote group got a $3.3 billion loan with 12 Nigerian and foreign lenders to build the refinery as well as a petrochemical and fertilizer complex costing a total of $9 billion. “Supplying the local market is the primary objective. Naturally we can move product to the region. The government is being very supportive, very enthusiastic about this project. We are not looking for or wanting any particular subsidies.” Nicolaides said.
Dangote selected Engineers India Ltd to do most of the detailed engineering work for the new plant. Construction contractors are yet to be appointed.
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This article was first published on 18th November 2014 and updated on November 20th, 2014 at 1:57 pm
Comments (7)
The proposed Dangote oil refinery situated in Ibeju-Lekki, Lagos is expected to be functional by the first half of 2018, an official with the company has disclosed.
According to the Dangote Industries’ operations director for petroleum refining, Mr. George Nicolaides, the plant will be able to process 500,000 barrels of crude a day. The new production 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 said: “The site is being cleared, the plant is cleared and is close to the beginning of detailed engineering.”
The Dangote group got a $3.3 billion loan with 12 Nigerian and foreign lenders to build the refinery as well as a petrochemical and fertilizer complex costing a total of $9 billion. “Supplying the local market is the primary objective. Naturally we can move product to the region. The government is being very supportive, very enthusiastic about this project. We are not looking for or wanting any particular subsidies.” Nicolaides said.
Dangote selected Engineers India Ltd to do most of the detailed engineering work for the new plant. Construction contractors are yet to be appointed.
this project wll increase job opportunity,in nigeria….i wish to work in the refinery as a chemical engineer….. ..we need more pple like dangote,that is inovative and creative…God bless this group.
Nice idea at least it will help the economy and also provides job for Nigeria graduate
Congratulations to Dangote group for this great project. This will promote economy sustainability and create jobs for the teaming youths. Pls am interested. I studied Business Administration
It my pleasure to join Dangote Refinery as a certified scaffolding inspector/IOSH, i am looking for employment, thanks.
Best Regards,
Favour Osiah
This is a welcome development for increase expansion in the oil and gas sector and also an attraction for Foreign Direct Investment. this project will bring rapid development to that area especially in the Real Estate Sector. it is an opportunity for modern homes to be built for luxury living and opened for all kinds of commercial and economic activities. i am a Real Estate Consultant who is developing two estates in that area. if you are interested in owing a plot for yourself for investment purpose, call this line 08179388586.
Greg.
Hi with 35+ years in the construction industry as a Steel Erector/ Rigger/ Superintendent / Supervisor from the UK I’m looking for employment on the Dangote refinery project does any one know which contractors have been awarded
The contracts for this project if so could you forward the names to me so I may send
A cv
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Congratulation, for Great Refinery in Nigeria hope have chance to do the Heavy Lifting.