fbpx
Business NewsNews

Dangote refinery at 97% completion – NMDPRA

Mr. Farouk Ahmed, chief executive officer of the NMDPRA, made the announcement in a statement signed by Mr. Anthony Chiejina, group chief branding and communication officer of Dangote Industry Ltd., on Thursday in Lagos.Infomation Guide Nigeria

Ahmed stated this when Dangote refinery personnel presented the facility’s work plan for 2022/2023 to the regulatory agency in Abuja.

👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada

The Dangote refinery, with its installed capacity of 650,000 barrels per day, is expected to treble the output of Nigeria’s ageing refining infrastructure, according to Ahmed.

According to him, the plant, which is also expected to cover 100 percent of Nigeria’s demand for all refined products, will shortly begin pumping out fuel.

Other Top Stories:

He stated that the successful completion of Africa’s largest petroleum refinery and the world’s largest single-train facility was anticipated to have a huge influence on Nigeria’s foreign exchange through import substitution and enormous earnings savings.

According to him, once the refinery begins operations, the strain on the nation’s currency would lessen, and a substantial influx of foreign currency is anticipated from the refinery’s sales.

“Upon completion of the refinery, it is estimated that Nigeria will import zero petroleum oil products – down from approximately $50 billion current oil product imports per year.

“Today, representatives of the Dangote Refinery and Petrochemicals presented their 2022/2023 work plan to the authority which showed that the refinery project is estimated to be at 97 per cent completion.

“The refinery is a 650,000 barrels per day integrated refinery project under construction in the Lekki Free Trade Zone, Lagos.Jamb Result 

“It is expected to be Africa’s biggest oil refinery and the world’s biggest single-train facility,” he said.

Check Jamb Result 
Check and Confirm: How much is Dollar to Naira

👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada

 

👇👇👇👇👇

Information is Power!

Don’t miss any valuable information or opportunity that can change your life, business, and family positively and permanently.

👇👇👇👇👇

Click here to subscribe!

For Latest updates on News, Scholarships, Jobs & Business Ideas, and Other Opportunities.

👍Advertise your business on InfoGuideNigeria.com!

From just N9,999 per month, you can advertise your products and services to over 1,500,000 monthly users on our website. Click here to read more.

 

 

Copyright Warning!

Contents on this website may not be republished, reproduced, or redistributed either in whole or in part without due permission or acknowledgment.
.
Proper acknowledgment includes, but not limited to (a) LINK BACK TO THE ARTICLE in the case of re-publication on online media, (b) Proper referencing in the case of usage in research, magazine, brochure, or academic purposes,.
.
All contents are protected by the Digital Millennium Copyright Act 1996 (DMCA).

.


The images, except where otherwise indicated, are taken directly from the web, if some images were inserted by mistake violating the copyright, please contact the administrator for immediate removal.

.
We publish all content with good intentions. If you own this content & believe your copyright was violated or infringed, please contact us  for immediate removal.

🤑 Start Making Money from home today!

👉 Get the correct FREE FOOTBALL PREDICTION TIPS and Guides today. Click here

.

🤑 Make Money now!

👉 Make money writing for us. Apply for Freelance writing jobs in Nigeria.

👉 Make Money as InfoGuideNigeria Advertising Agents, read more here

.

Emediong Ekpe

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

It looks like you're using an ad blocker!

This website InfoGuideNigeria.com is maintained by the advertising revenue and we noticed you have ad-blocking enabled. Please disable Ad-Blocker