President of ?angote Group, Alhaji Aliko ?angote, has said the Dangote Refinery and Fertiliser projects will come on stream before the end of the third quarter of this year.
He disclosed this when the President of the African Development Bank, (AfDB), Dr. Akinwumi Adesina, led a delegation of the bank to the project site in Lagos.
“The refinery will commence operation by the third quarter of 2022. On the mechanical completion, we are almost finished but we have started hydro testing, almost 70% gone, hopefully before the end of Q3 operation will commence”, ?angote said.
The Group Executive Director, Strategy, Portfolio Development & Capital Projects, Dangote Industries Limited, Devakumar Edwin, said the refinery complex, which includes a refinery, petrochemical plant, a fertiliser plant and a subsea pipeline project, is the largest single-train refinery in the world.
Edwin stated that the 650,000 barrels-per-day refinery would stimulate economic development in Nigeria.
According to him, ?angote Petroleum Refinery can meet 100% of the Nigerian requirement of all liquid products (Gasoline, Diesel, Kerosene and Aviation Jet), and also have a surplus of each of these products for export.
He stated that this would create a market for $11 billion per annum of Nigerian crude and foreign exchange savings/earnings of $9.9 billion.
