Offshore Infrastructures Limited and Dangote Oil Refinery signed a Memorandum of Association (MOU) on Wednesday May , 3 2018 in Lagos.
Dangote Oil Refinery Company (Dangote) is, according to hydrocarbons-technology.com, constructing an integrated refinery and petrochemical complex in the Lekki Free Zone near Lagos, Nigeria. The refinery is expected to be the world’s biggest single-train facility, upon completion in 2019.
Estimated to cost $9bn, the refinery, according to the report, will produce Euro-V quality gasoline and diesel, as well as jet fuel and polypropylene. The project is expected to generate 9,500 direct and 25,000 indirect jobs.
It says further:“Nigeria is estimated to hold approximately 37 billion barrels of proven oil reserves, which is the second biggest in Africa. The country, however, imports majority of its refined products due to lack of domestic refining capacity.
The new refinery will double Nigeria’s refining capacity and help in meeting the increasing demand for fuels, while providing cost savings.”
