Dangote Industries Limited has described the news that its multi-billion dollar refinery is ready for inauguration as fake.
The firm’s head of corporate communication, responding to the development on Sunday, said the news in untrue.
Some newspapers had published that President Muhammadu Buhari will on January 24, officially open the Dangote Oil Refinery, the largest vertically integrated petrochemical complex in the world.
Dangote Refinery, which is situated in Lagos’ Lekki Free Zone, is estimated to have cost $19 billion. It is owned by Africa’s richest man, Aliko Dangote.
The refinery when fully on stream is expected to inject and process 540,000 barrels of Nigerian crude oil daily.
The refinery is anticipated to supply all of Nigeria’s fossil fuel needs, with a surplus left over for export, opening up a market for $11 billion in petroleum products from Nigeria per year.
In addition, the facility will produce 3 billion standard cubic feet of gas, 65 million litres of premium motor spirits (petrol), 15 million litres of diesel, and 4 million metric tonnes of jet fuel each day.
The Dangote Refinery will be responsible for more than half of Africa’s future refining increases, according to the Organization of Petroleum Exporting Countries. # Dangote Debunks Rumor over Plan to Commission Oil Refinery