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Africa   National Petroleum Policy

Nigeria adopts $11 billion Dangote refinery

Dangote refineryThe government has adopted the $11 billion Dangote refinery, under its new National Petroleum Policy in order to add value to crude oil, reduce high dependence on imported petroleum products and conserve foreign exchange for other developmental projects.

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Consequently, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, will inspect the progress of work at the 650,000 plant expected to come on stream in 2019.

Investigations showed that the visit would enable the government know the status of the project, understand problems as well as assist to eliminate hurdles that could delay or scuttle the completion and operation of the plant.

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