Nigeria: Dangote Increases Refinery Capacity to 650,000 BPD

 

President of the Dangote Group, Aliko Dangote has announced plans to increase his proposed refinery capacity to 650, 000 barrels per day from the initial 450, 000 thus making it the single largest stream in the world.
To be located in Lagos, when completed in 2017, the plan will see Nigeria listed as the having the largest petroleum refinery in the world.
Dangote made the remarks when he received a group of oil and gas stakeholders who paid him a visit in Lagos at the weekend.
Represented by his Group Executive Director, Devakumar Edwin, Dangote said though the initial plan was to have 450,000 refining capacity, he has since gone back to the drawing board to have a bigger plant.
According to him, he believes that Nigeria as a leading producer of crude oil should also be credited with local refining capacity.
He described the present situation where Nigeria which produces crude but goes abroad to buy refined products as unacceptable.
Dangote also disclosed that the petrochemicals which is being developed alongside the refinery would also have its capacity increased from 750,000 to 3.6 million.