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25 facts about Dangote Refinery

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President of the Dangote Group, Alhaji Aliko Dangote led a large team of media and businessmen on a tour of the refinery last Sunday.

A lot has been written and said about the engineering marvel. President of the Guild of Editors, Eze Anaba simply described it as ‘monstrous’.

When I got close to him I asked “Must a refinery be this big?”

He smiled and said: “It’s the biggest in the world. It’s the first of its kind. The Dangote Petroleum Refinery Project is among our many initiatives toward supporting the transformation agenda of the Federal Government.

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“Our goal is to produce, within Nigeria, most of the goods that were usually imported despite having abundant resources for domestic manufacturing of the same goods. We conceived Dangote Petroleum Refinery & Petrochemicals as an answer to the perennial shortage of premium motor spirit (PMS) in the country.”

Below are 25 facts about Dangote Refinery:

1. The Dangote Petroleum Refinery and Petrochemicals a subsidiary of Dangote Industries Limited, is the world’s largest single-train petroleum refinery.

2. The 650,000 barrels per day (bpd) crude oil refinery with 838 KTPA polypropylene plant, covers area of approximately 2,635 hectares and is located in the Dangote Industries Free Zone, Ibeju-Lekki, Lagos.

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3. Total storage capacity of 4.5 billion liters which can cover: *20 days crude requirement *Product storage for 15 days of Nigeria’s gasoline consumption

4. The Dangote Petroleum Refinery is an industrial plant that transforms crude oil into various usable petroleum products such as diesel, gasoline (petrol), jet fuel, and kerosene.

5. The Refinery produces Euro-V quality gasoline and diesel, as well as jet fuel and polypropylene.

6. The Refinery is designed to process a large variety of crudes including many of the African Crudes, some of the Middle Eastern Crudes, and the US Light Tight Oil.

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7. Dangote Petroleum Refinery can meet 100% of the Nigerian requirement of all liquid products (Gasoline, Diesel, Kerosene & Aviation Jet) and have surplus of each of these products for export.

8. The Refinery is designed to use the latest technology to comply with stringent guidelines and regulations to protect the local environment, and at the same time produce the latest environmentally friendly petroleum product for worldwide markets.

9. The Refinery design conforms to the World Bank, US EPA, EU, and Department of Petroleum Resources (DPR) emission/effluent norms.

10. The Refinery has its own dedicated steam and power generation system with adequate standby units for reliable/uninterrupted utility supply to operating plants.

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11. It has a 435MW power plant that can meet the total power requirement of Ibadan Distribution Company, covering five states, including Oyo, Ogun, Osun, Kwara, and Ekiti.

12. Dangote is one of the few companies in the world executing a Petroleum Refinery and a Petrochemical complex directly as an Engineering, Procurement, and Construction (EPC) Contractor.

13. The Petrochemical Plant is designed to produce 77 different high-performance grades of polypropylene. Petrochemical is the source of raw materials for many manufacturing and assembling plants.

14. It maximizes Gasoline which is in high demand-53%of the production capacity compared to 22% of the existing refineries in Nigeria.

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15. It maximizes value addition- Extract maximum value from every barrel of crude.

16. It minimizes low-value Fuel Oil.

17. The Refinery is estimated to generate an annual market value of US $21 billion for Nigerian crude oil, Foreign exchange savings/earnings of US $9.9 billion.

18. 56% of the production would be exported, with a foreign exchange generation of approx. $17 billion.

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19. It ensures over $25 billion addition to the GDP, through massive value addition within the country.

20. Products from the plant will serve as raw materials for the production of polyvinyl chloride (PVC), which is used extensively across a broad range of industrial, technical and everyday applications including widespread use in building, transport, packaging, electrical/electronic and healthcare applications.

21. Dangote Industries developed a port and constructed quays with a load-bearing capacity of 25 tonnes/ sq meters to bring Over Dimensional Cargoes close to the site directly to handle liquid cargoes.

22. The Jetty is situated at a distance of 12.3 km from the refinery thereby effectively reducing the travel time.

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23. The Refinery has capabilities for both land and sea evacuation to serve both domestic and export markets
Dedicated marine facilities for off-take of crude and loading of petroleum products.

24. • Self-sufficient marine facility with ability for freight optimization.
•Largest single order of 5 Single Point Mooring systems (SPMs) anywhere in the world.
•2 crude SPM for unloading ships up to ULCCs.
•3 products SPM for product exports up to Suez Max vessels.
•2 X 48″ sub sea crude pipelines with interconnection.
•3X24″subsea pipelines for products and imports.
•120 km subsea pipeline.
•Crude offloading capacity – 108,500 barrels/hour (17.25million liters /hr).
•Product loading capacity – 77,000 barrels/hour (12.32million liters/hr).

25. Dangote Petroleum Refinery maintains high standards for all its business practices, valuing health, safety, environment and rights for its employees, compliance with all applicable local and international laws, and being a committed partner to host communities, governments and also environment friendly.

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Just in: Plateau Govt Approves N70k Minimum Wage for Civil Servants

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By Kayode Sanni-Arewa

In line with discussions reached after consultation with relevant stakeholders, the Plateau State Government has approved immediate implementation of the N70, 000 minimum wage for the workforce in Plateau State.

The cheering news is contained in a Press Statement signed by the Head of Civil Service in the State, Stephen Pam Gadong.

Full text of the statement reads in part:

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Following the Agreement of the Committee on Consequential Adjustment on Salaries on 13th, November, 2024, the Executive Governor of Plateau State, His Excellency Barr. Caleb Mutfwang, has approved the immediate implementation of the N70,000 minimum wage for workers in the state.

The Implementation is a demonstration of the Governor’s commitment to prioritizing the wellbeing of the workforce in acknowledgement of their invaluableble role in driving the State’s developmental goals.

As the new wage policy is administered, Civil Servants are encouraged to embrace this gesture by recommitting to their duties with renewed dedication and zeal in order to foster a culture of productivity and excellence in service in the State.

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Before final liquidation, NDIC set to auction Heritage bank properties

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In a bid to ensure timely declaration of liquidation dividends to uninsured depositors of the failed Heritage Bank (In-Liquidation), the Nigeria Deposit Insurance Corporation (NDIC) has commenced the process of auctioning the landed properties and chattels of the defunct bank.

According to the Corporation, this exercise is in line with its statutory powers as the Liquidator of failed banks under section 62 (1)(d) of the NDIC Act, 2023, noting that; “This is another follow-up action sequel to the disposal of physical assets and chattels belonging to the defunct bank at its leased locations nationwide”.

This was contained in a statement signed by the Director, Communication and Public Affairs Department, Bashir A.

Therefore, the auction of the landed assets shall be by competitive bidding in sealed bids scheduled to take place at the six (6) selected locations of the Corporation across the country, for the affected 36 branches of the failed bank beginning from Wednesday 4th December 2024.
“Buyers who wish to participate in the auction are expected to follow laid down guidelines purposely aimed at ensuring transparency, fair competition, equity, and accountability to enable recovery of commensurate values from the exercise. This is critical for the payment of liquidation dividends to eligible claimants.

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The Corporation shall give preference to financial institutions who are willing to buy at the highest auctioned value to allow for the continuation of provision of banking services to the Nigerian public at the designated locations”, adding; “This is desirable towards bolstering financial inclusion as envisaged by the financial system regulatory authorities.

“However, Corporate bodies and Private individuals willing to compete are equally eligible to compete in the process without prejudice, the auction shall be open and competitive to all bidders.

Furthermore, bidders will be allowed to inspect the properties and chattels across all locations one week before the date of disposal.”

Importantly too, the statement said; “All interested parties are to make available 10% bid security of the value of their sealed bids to be dropped in the bid box provided at the specific centre out of the six locations of the Corporation as contained in the published advertisements.

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“All interested bidders are advised to submit their bids only at the designated NDIC offices covering their choices amongst Abuja, Lagos, Bauchi, Kano, Enugu, and Port Harcourt.”

Meanwhile, the Corporation has vowed that there would be no hiding place for debtors of the defunct Heritage Bank whose financial obligation portfolio is in the region of over N700 billion.

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Naira slumps in parallel market

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The Naira experienced a slight depreciation yesterday, slipping to N1,740 per dollar in the parallel market compared to its previous rate of N1,735 per dollar on Tuesday.

According to data from FMDQ, the indicative exchange rate for the Nigerian Autonomous Foreign Exchange Market (NAFEM) strengthened, rising to N1,645.4 per dollar from Tuesday’s rate of N1,689.88 per dollar. This marks an appreciation of N44.48 for the Naira.

The market also saw a significant increase in dollar trading activity, with turnover climbing by 122.5 percent to reach $236.84 million, up from $106.44 million the previous day.

As a result, the gap between the parallel market and the NAFEM exchange rate widened, now standing at N94.6 per dollar, up from N45.12 per dollar recorded on Tuesday.

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