Dangote refinery to start with 350,000bpd crude — CEO
The President/Chief Executive Officer, Dangote Group, Aliko Dangote, has said that the $20bn Dangote refinery in Lekki, Lagos would start with the refining of 350,000 barrels per day of crude oil. Dangote, who disclosed this during an interview with the Financial Times, also stated that the refinery would receive about six million barrels of crude in December 2023. “We’re starting with 350,000 barrels a day, “Dangote told the Financial Times, adding that a deal had already been clinched for the “first cargo of about 6mn barrels” for delivery next month. Dangote said he believed the refinery could reach its capacity of 650,000 barrels a day by the end of 2024, although the IMF has said it doubts it will reach more than a third of that by 2025. At full tilt, the refinery, the world’s largest “single train” facility with just one distillation unit, could save Nigeria billions in foreign exchange currently spent on imported fuel. It was “shameful”, Dangote said, that Nigeria, a major oil p
