Business Dangote Refinery Set to Crash Pump Price of Petrol- Babajide Soyode

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LequteMan

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The Dangote Refinery, after its completion, will save Nigeria $12 billion annual import substitution, create 4,000 direct jobs and crash prices of petroleum products, Mr Babajide Soyode, the Technical Consultant to Alhaji Aliko Dangote, has stated.

According to him, the project would add value to the economy as it would also create 145,000 indirect jobs.

“ The refinery will have the capacity to refine 650,000 barrels of crude oil per day while the petrochemical plant will produce 780 KTPA Polypropylene, 500 KTPA of Polyethylene while the fertiliser project will produce 3.0 million metric tonnes per annum of Urea.”

Soyode said that the company would also build the largest sub-sea pipeline infrastructure in any country in the world, with a length of 1,100km, to handle three billion SCF of gas per day.

The plant, according to him, will generate over 100,000 employment opportunities and revive over 11,000 filling stations that had been shut due to shortage of products.
 

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