Dangote Refinery project to boost activities in downstream, says LCCI

Posted by: Lekan Bileshany

The President of the Chamber of Commerce and Industry of Lagos (LCCI), Mr. Babatunde Paul Rouvas, called the impact of the Dangote Oil Refinery project on the Nishev oil sector magnificent and impressive.

Dangote

Ruvaz, who recently headed the ward on a tour of the Dangote Jetty, Refinery and Fertilizer plants in Lagos, expressed concern about the pace of work at the processing and enrichment plants, which he called the game changer for the Nigeria oil sector.

He praised Dangote Alhaji Aliko Dangote, President / CEO of the Group, for his huge investments in Africa, saying: “Dangot's patriotism remains unsurpassed when it comes to investment and its investments in many sectors are a key factor in improving Nigeria’s economy.

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Dangot does so in order to positively affect the lives of Nigerians through the production of household goods. "

He said the world is waiting for the Dangote Oil Refinery project to come out of Nigeria from the garbage of importing petroleum products. “This project is the first of its kind. There is no investor in Nigeria who has the courage to come up with such a gigantic project. From what we saw today, we now have a better understanding of the project. From what we have seen on earth, this shows that the project is a reality, and it is possible that Nigeria will become an exporter of petroleum products, ”he said.

He also thanked the company for building a berth for the transportation of heavy equipment to the refinery. “This will significantly reduce the accumulation of the Apapa port, and also help reduce traffic on the Apapa road,” he added.

Suppliers of oil and gas are ready to fight the falsification of petroleum products

Thus, Ruwase turned to other investors with a request to send the Dangote Pact, investing heavily in the Nigerian economy.

Speaking of progress, Head, Quality Control / Quality Control, Dangote Oil Refinery Company Limited, Rama Rao Putta, described this project as the world's largest single train refinery in the world, capable of processing 650,000 barrels per day of crude oil,

He said that the refinery will lead to the protection of income from forex in the amount of about $ 16 billion a year at current market prices and savings of $ 10 billion a year through domestic supplies of oil products.

Putta said the refinery intends to create 100,000 indirect classes through outlets and facilitate the availability of petroleum products in the country.

He noted that the company had completed the first and second batch of Nigerian engineers in India and that the staff had been acclimatized on site.

Speaking also at the event, Dangote Fertilizer Limited CEO Anurag Jaysval described the Dangote Fertilizer project as the largest granular urea fertilizer complex that appears in the entire history of the fertilizer industry in the world.

He invested $ 2 billion. USA with the ability to process three million tons per year.

Jaiswal, said that the impact on the economy of Nigeria and the entire region can not be overestimated.

“It will be one of the largest single-component complexes in the world, producing a total of 8,000 tons of urea daily. We will have two trains with ammonia and two trains from urea, and each train will produce 4000 tons. Thus, in a year it will be 3 million tons.

“It is very expensive to import from abroad because of the cost of freight, but it will certainly be cheaper if you import from Nigeria. This will have a huge impact on the Nigerian economy, because we will save a lot of foreign currency, ”he said.

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