Dangote Starts Construction of Biggest Refinery In the World, In Nigeria.
Dangote Group, a solely owned Nigerian Company is building the largest single stream oil refinery in the World, in Lagos State, to produce 650,000 barrels of crude per day.
With this production capacity, the refinery will remain the single largest industrial undertaking in the World; the complex occupies over 2,630 hectres of land.
The idea was hatched three years ago with the goal of manufacturing essential and value added products that meet the needs of the African population. This led to the securing of a $14 billion loan to kick start the project which comprises of a refinery, petrochemical and fertilizer plants.
Speaking to Anurag Jaiswal, the General Manager of Dangote Fertilizer Limited, he disclosed that the plant will produce 2.8 million tonnes of Urea and Ammonia per annum purely from natural sources which abounds in Nigeria.
According to him, "the plant has the capacity to consume all the gas that is flared in Nigeria and help reduce the price of fertilizers in the sub-region drastically"
"...why would you want to purchase from Gulf States knowing the cost of transportation would determine the selling price when you can get it here (in Nigeria) at a competitive price and cheaper cost of transportation?"
This being the largest fertilizer plant in the World after completion, according to Mr. Jaiswal, it would be "a game changer" due to its capacity to produce for the African and Latin American markets.
On the other hand, the oil refinery which would be managed by 1600 people, is expected to give jobs to millions of people after its completion in the third quarter of 2019.
The Dangote Group is taking steps to make available an installed capacity of 400 mega watts of electricity at the disposal of the three plants.
As a result of these mega structures being built in the Lagos State, Dangote is not leaving any stone unturned in ensuring the safety of its workers and to them, it is the same dedication being invested to guarantee "fuel that meets Euro V specification and World's best standards"
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