The Dangote Group recently disclosed that its refinery and petrochemical project is almost complete in terms of project’s engineering, design as well as procurements.
Group Executive Director, Projects and Portfolio Management, Dangote Refinery, Edwin Devakumar, however, clarified that some aspects of the project, such as physical construction, is at 60 percent.
Devakumar disclosed that 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.
Dangote refinery, under construction in the Lekki Free Zone, Ibeju-Lekki, is expected to be Africa’s biggest oil refinery and the world’s biggest single-train facility, upon completion.