In an epoch-making event that will positively transform Nigeria’s oil and gas sector, President Muhammadu Buhari will on Monday commission Dangote Petroleum Refinery & Petrochemicals, the world’s largest single train refinery in Ibeju-Lekki, Lagos, alongside his counterparts from Ghana, Togo, Senegal, Niger and Chad.
Promoted by Africa’s richest man, Aliko Dangote, the petroleum refinery with a capacity to process 650,000 barrels per day (bpd) is sitting on 2,635 hectares of land. the refinery located in Dangote Industries Free Zone in Ibeju-Lekki, Lagos, will provide employment to over 100,000 persons.
The coming on stream of the gigantic project is expected to mark Nigeria’s exit from the league of oil rich nations, which are heavy importers of petroleum products.
Eexpected at the historic event, aside international dignitaries, are Presidents Gnassingbé Eyadéma (Togo); Nana Akufo-Addo (Ghana); Macky Sall (Senegal); Mohamed Bazoum (Niger Republic); Mahamat Déby (Chad) and a host of ambassadors.
President Paul Kagame of Rwanda, who will not be physically present, will however present his goodwill message virtually.
As of the time of filing this report, all the 36 state governors and most of the governors-elect, ministers, senators, and captains of industries in Nigeria and from outside the country, global oil traders, top international bankers, international multilateral agencies have indicated their readiness to grace the ceremony.
Nigeria’s President-elect, Bola Ahmed Tinubu, whose administration as the governor of Lagos in 2002 floated the Free Trade Zone in Ibeju-Lekki where the refinery is located, is also expected at the event.
The commissioning of Dangote Petroleum Refinery is significant, given that it is the first time that a refinery of such magnitude built by an individual is being commissioned.
Dangote’s Petroleum Refinery is expected to meet the needs of Nigerian consumers and those in neighbouring countries, while allowing for exports beyond the African continent. The refinery will drive the promotion of the African Continental Free Trade Area (AfCFTA) as over 50 countries in the trade bloc depend on imported refined petroleum products.
According to the facts sheet, the new refinery can meet 100% of the Nigerian requirement of all refined products (Gasoline, 53 million litres per day; Diesel, 34 million litres per day; Kerosene, 10 million litres per day, and Aviation Jet, 2 million litres per day), and also have surplus of each of these products for export.
“The refinery is designed for 100% Nigerian crude with flexibility to process other crudes. It has self-sufficient marine facility with ability for freight optimisation, and the largest single order of 5 SPMs anywhere in the world. Diesel and gasoline products from the refinery will conform to Euro V specifications.
“The refinery design complies with World Bank, US EPA, European emission norms and Department of Petroleum Resources (DPR) emission/effluent norms, with state-of-the-art technology. Designed to process large variety of crudes, including many of the African Crudes, some of the Middle Eastern Crudes and the US Light Tight Oil,” the facts sheet added.
It further stated that, “65 Million Cubic Metres of sand dredged costing approximately €300 million, using the world’s largest, the second largest and the tenth largest dredgers to elevate the height by 1.5 metres, to insure against any potential impact of increase in mean sea level due to global warming. Bought over 1,209 units of various equipment to enhance the local capacity for site works.
“332 cranes to build up equipment installation capacity. Built the world’s largest granite quarry to supply coarse aggregate, stone column material, stone base, stone dust & material for break water (10 million tonnes per year production capacity).
“Developed a port and constructed two quays with a load bearing capacity of 25 tonnes/ sq metres to bring Over Dimensional Cargoes close to the site directly. The company also constructed two more quays in the port with a capacity to handle up to Panamax vessels to export the fertiliser and the petrochemicals and two quays to handle liquid cargoes. The port will thus have 6 quays, including a Roll-on/Roll-off quay.”