Tuesday, June 18, 2024

Nigerian president to commission Dangote refinery in two weeks – Reuters


Workers sit at the construction site of the Dangote Refinery on the outskirts of Lagos, Nigeria, August 7, 2019. REUTERS/Temilade Adelaja/File Photo Acquire Licensing Rights
ABUJA, May 7 (Reuters) – Nigerian President Muhammadu Buhari will commission the multi-billion dollar Dangote oil refinery in two weeks, a presidency spokesperson said on Sunday, setting up the plant for its first production since construction started in 2016.
Nigeria, Africa's biggest oil producer, sees the 650,000 barrels-per-day refinery – being built by billionaire industrialist Aliko Dangote's Dangote Group – as a solution to ending the country's reliance on imports for nearly all of its refined petroleum products.
Spokesperson Bashir Ahmad said Buhari will commission the refinery, near Lagos, on May 22, a week before he is due to leave office after serving the maximum two terms allowed by the constitution.
A spokesperson for Dangote confirmed the timing of the commissioning but did not give details.
The Dangote refinery's cost grew to $19 billion from initial estimates of between $12 billion and $14 billion, after years of delays.
Reporting by Felix Onuah; Writing by MacDonald Dzirutwe; Editing by David Holmes
Our Standards: The Thomson Reuters Trust Principles.
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