The 650,000 barrels per day refinery project under construction in Ibeju Lekki, Lagos State will be completed by the end of December, the Dangote Group has disclosed.
The company’s Group Executive Director, Strategy, Capital Projects and Portfolio Development, Mr Edwin Devakumar, said this on Wednesday while delivering a keynote address at the Nigeria International Petroleum Summit.
He said, “The refinery has so far achieved considerable milestones considering the global health crisis that hindered the desirable progress.
“As at date, the project construction has progressed to 79 per cent and an overall project completion of 89.50 per cent, considering engineering, procurement and construction.”
Devakumar, however, noted that the project has incurred delays due to the impact of the coronavirus pandemic.
According to him, at the current rate of progress the mechanical completion is now expected to be accomplished by fourth quarter, hinting that the commissioning is expected to commence immediately.
The $12bn refinery is expected to process a variety of light and medium grades of crude to produce Euro-V quality clean fuels.
The refinery will also produce 10.4 million tonnes of gasoline, 4.6mt of diesel, and 4mt of jet fuel a year.
“It will also produce 0.69mt of polypropylene, 0.24mt of propane, 32,000t of Sulphur, and 0.5mt of carbon black feed annually,” Devakumar said.
He added that aside the Nigerian market, the refinery would be exporting refined petroleum products to Europe and South America as part of its business strategy.
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