The completion of the largest oil refinery in Africa has delayed until the end of last year due to the equipment problem, Dangote executives revealed. Dangote oil refinery is being constructed in the commercial hub of Lagos, Nigeria.
Nigeria has to import almost all fuel due to underutilized refineries. Moreover, the state oil company needed 650,000 barrel per day. The new facility will help Nigeria to fulfill its requirement. Nigerian National Petroleum Corporation (NNPC) nearly buys all gasoline for the refinery and fuel shortages have become common now.
Dangote Executive Director, Devakumar Edwin briefed that the refinery project will start functioning after mechanical completion until the end of next year. Fuel production will also start within two months of project completion.
With the development, biggest crude producer Nigeria will turn to a net exporter of the fuel. Edwin also hinted about the establishment of its own trading desk within three months.
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