DANGOTE REFINERY 80% READY, SAYS OFFICIAL

Written by on November 5, 2020

WORK AT THE 650,000-BARREL PER DAY (BPD) INTEGRATED REFINERY AND PETROCHEMICAL PROJECT BEING PROMOTED BY DANGOTE GROUP, HAS REACHED 80 PER CENT COMPLETION, THE FIRM SAID ON WEDNESDAY.

DANGOTE REFINERY GROUP EXECUTIVE DIRECTOR (PROJECTS AND PORTFOLIO MANAGEMENT) EDWIN DEVAKUMAR SAID THE PERCENTAGE COVERED THE PROJECT’S ENGINEERING, DESIGN AND PROCUREMENTS.

HE, HOWEVER, CLARIFIED THAT THE LEVEL OF COMPLETION OF SOME ASPECTS OF THE PROJECT SUCH AS PHYSICAL CONSTRUCTION, REMAIN AT 60 PER CENT.

DEVAKUMAR, WHO SPOKE WITH REPORTERS IN LAGOS, SAID THE REFINERY IS EXPECTED TO BE READY BY THE MIDDLE OF NEXT YEAR, GENERATING ABOUT 230,000 INDIRECT JOBS.

ON WHETHER THE REFINERY WOULD HAVE AN IMPACT ON THE PRICE OF FUEL, HE NOTED THAT THIS IS A BASIC PRINCIPLE OF DEMAND AND SUPPLY.


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