The Dangote refinery plans to start selling petrol, diesel and aviation fuel by early 2020, but the fertiliser plant, will start producing urea this year, Edwin Devakumar, the group executive director told Bloomberg.

The $10 billion refinery, set to be one of the world’s largest and which can process 650,000 barrels of crude a day, should be near full capacity by mid-2020, Devakumar said in the interview,

“People still have difficulty believing we can do it on time and within those costs,” Devakumar, 61, said Wednesday. “But we believe we can. It’s something of the size that’s rarely been done before. It’s huge.”

Aliko Dangote, worth $12.4 billion according to the Bloomberg Billionaire’s Index, has said the refinery can transform Nigeria by weaning it off fuel imports and generating foreign exchange through exports. Despite being Africa’s biggest crude producer and an OPEC member, the West African nation ships in almost all its gasoline and diesel from abroad because of the decrepit state of its government-owned refineries.Dangote’s facility will probably produce about 50 million litres (13.2 million gallons) a day of gasoline and 15 million liters of diesel, though output can be changed according to the demand for each product, Devakumar said.

While Nigeria, a country of almost 200 million people, consumes roughly 35 million liters of gasoline daily, Dangote can export surpluses, Devakumar said.

“Once we start producing, we’ll be able to meet all local demand and we’ll also be able to start exporting,” he said.

The company has been in talks with oil traders including Royal Dutch Shell Plc, Vitol Group and Trafigura Group Pte about them supplying crude and buying refined products, according to Devakumar.

“We are establishing a rapport with them, but there’s been nothing specific so far,” he said.

The plant is designed to process light and medium grades of crude and produce fuels that meet European standards so that Dangote can sell them globally.

“We’re flexible in terms of our feedstock,” Devakumar said. “We’ll be able to use all the African crudes, American crudes and Middle Eastern crudes. We don’t want to be dependent on Nigerian crude. We won’t be able to process heavy, dirty crudes. It doesn’t make sense in today’s environment.”

Trafigura confirmed discussions had taken place. The new refinery will benefit “the West African oil market and improve fuel standards in the region,” a spokesperson said in an emailed response.

Antonia Lock, a spokeswoman for Vitol, declined to comment, while Shell spokesman Bamidele Odugbesan didn’t immediately respond to a text message.

Upstream Investment

Dangote will start producing its own oil, partly to supply the refinery, within a few months. It aims to pump around 20,000 barrels a day from two shallow-water blocks, known as OML 71 and 72, located in the Niger Delta.

“We will continue to invest in upstream,” Devakumar said. “We may look for more blocks to produce up to 250,000 barrels a day. It’s where the majority of our cash flow from the refinery will go to. We’ll focus on that after we start the refinery.”

A fertilizer plant, located near the refinery, should produce its first batches of urea by the end of this year, Devakumar said. Costing around $2.5 billion and with a capacity of 3 million metric tons a year, it’s set to be one of the biggest globally.

“We can export a lot of fertilizer too,” he said. “It can meet the demand for most of Africa.”

While Dangote took on a $3.3 billion syndicated loan, which Standard Chartered Plc arranged, most of the refinery and fertilizer projects are self-funded. Both units will probably be partly sold via initial public offerings eventually, Devakumar said.

“We’ll go for listings, as separate companies,” he said.

Dangote is also building two 550-kilometer (341-mile) underwater gas pipelines from its oil blocks in the Delta to the refinery and fertilizer factory. The first pipeline will start to be laid this year and both will probably be completed in two years, at a cost of $2.5 billion, Devakumar said.

They’ll be able to carry 3 billion standard cubic feet per day, which will be used to run the plants and sold to other businesses, including power stations. Only about 400 million scf of gas is distributed in Nigeria today and the new pipelines will help drive industrial development, Devakumar said.

http://www.akelicious.net/2018/07/dangote-refinery-sets-2020-for-petrol.html

Fertilizer export when we still eat THAI PER BOILED RICE and import TOMATOES from Nigeria Republic?
.
Which kain mumubility be this nah?
.
Sometimes I weep at the iberibelistic mumubility of some supposedly sane people ọ.
.
So dangote wants to export Fertilizer when naija never get enough for farming Ai?
.amadioha must look into this case.

In 2006 when price of cement rose to
1000 naira, everybody were complaining,

Obasanjo told us to be patient & that, when
Dangote's Obajana cement plant in Kogi
starts producing, prices will come down.

When obajana plant came up, prices
webt to 1500 & is now 2500!

In the final analysis, Dangote only
cares about getting richer & richer at
our expense.

He has a habit of contributing heavily to
all presidential aspirants & parties, so that
anyone that finally wins will grant him
more concessions at the expense of the
country. Him wayo to much.

But i accept, he is humble but very
calculating.

In the mean time, his trucks & reckless
drivers continue killing nigerians & destroying
our road infrastructure nationwide.

Dangote started from somewhere.

You too can start now

Are you an unemployed graduate or undergraduate full house wife/sit at home mothers, salary earner or hand craft shop owner? hoping to gain financial freedom before the end of this year?

act now, check my signature
Do not procrastinate

Lol

BREAKING !!!

APC split into 3....

Reformed APC ...Saraki

Deformed APC... Buhari

Confused APC ...Tinubu

GBAM...���

The rich are getting richer.
BEAUTIFUL.
Man wey sab I make money.
Odiegwu!

iamkeyz:
[s]Fertilizer export when we still eat THAI PER BOILED RICE and import TOMATOES from Nigeria Republic?
.
Which kain mumubility be this nah?
.
Sometimes I weep at the iberibelistic mumubility of some supposedly sane people ọ.
.
So dangote wants to export Fertilizer when naija never get enough for farming Ai?
.amadioha must look into this case[/s].

Must you type!

Ok

adecz:


In 2006 when price of cement rose to
1000 naira, everybody were complaining,

Obasanjo told us to be patient & that, when
Dangote's Obajana cement plant in Kogi
starts producing, prices will come down.

When obajana plant came up, prices
webt to 1500 & is now 2500!

In the final analysis, Dangote only
cares about getting richer & richer at
our expense.

In the mean time, his trucks & reckless
drivers continues killing nigerians & destroying
our road infrastructure nationwide.

Cost of production affects the whole cycle.

Antonia Lock, a spokeswoman for Vitol, declined to comment, while Shell spokesman Bamidele Odugbesan didn’t immediately respond to a text message.

It's not a coincidence, the truth about the refinery is not being told.

In no way, I repeat noway will that refinery be ready by 2020, when in 2018 we are still discussing piling of foundation?? . It's a single train refinery for those who understand.

Mr Edwin, could you explain why thirteen (13 ) young engineers-in-training Dangote took to INDIA for refinery training resigned on their own? Some resigned from new Delhi and Mumbai, even paid for their own air tickets back to lagos. They just couldn't stand the lies been told on the news and watch their future being held to Ransome.

Tell the truth, stop politics.
The rate at which the cbn is selling forex to Dangote, he will never complete this project. Baba dey take the money dey fund other things. Selling at 134 like say na only Dangote need help.

We ll get there, Nigeria will be great again

Mjh

obembet:
BREAKING !!!

APC split into 3....

Reformed APC ...Saraki

Deformed APC... Buhari

Confused APC ...Tinubu

GBAM...���

Stale.

adecz:


In 2006 when price of cement rose to
1000 naira, everybody were complaining,

Obasanjo told us to be patient & that, when
Dangote's Obajana cement plant in Kogi
starts producing, prices will come down.

When obajana plant came up, prices
webt to 1500 & is now 2500!

In the final analysis, Dangote only
cares about getting richer & richer at
our expense.

In the mean time, his trucks & reckless
drivers continues killing nigerians & destroying
our road infrastructure nationwide.

What do you know about economics? I can perceive some level of hatred and jealousy in your post.

iamkeyz:
Fertilizer export when we still eat THAI PER BOILED RICE and import TOMATOES from Nigeria Republic?
.
Which kain mumubility be this nah?
.
Sometimes I weep at the iberibelistic mumubility of some supposedly sane people ọ.
.
So dangote wants to export Fertilizer when naija never get enough for farming Ai?
.amadioha must look into this case.

When the president banned THAI rice and the price of rice rose as a result of that, were u not part of the people who condemned the decision?

What stops people like you from going into Agriculture to stop Thai rice, somebody has done his own to stop importation of fertilizer and petroleum derivatives.

Mumu person always wants negative about the nation.

I'm very sure some idiot like him will still like the post because Nigeria is cursed with some senseless youth who can't reason with their brain to diffrenciates what is good from what is bad.

WHAT MAKES INVESTING IN IBEJU LEKKI IRRESISTIBLE

Ibeju-Lekki, Lagos has more investment prospects than the most expensive and popular Ikoyi, Victoria Island and Lekkki Phase 1 all in Lagos Nigeria.

In the 70’s plot of land in Ikoyi sold for less than #2 Million Naira, but today prices range from #300 Million & above.

In the 80’s plot of land in Victoria Island sold for less than #4 Million, but today prices range from #250 Million & above.

In the 90’s plot of land in Lekki Phase 1 sold for less than #2 Million, but today prices range from #150 Million & above.

Smart investors took the advantage and invested even though there weren’t any international projects within the aforementioned locations and yet they made over 500% pure profit on their investments after a few years.

Now think of Ibeju Lekki, Lagos the "hottest investment zone" in Africa, seating on multi-billion Dollar international projects that will skyrocket your investments within the next 36 months, investments such as:

1. Dangote Refinery
2. Dangote Fertilizer Plant
3. Lekki Free Trade Zone
4. LA Campaign Tropicana Beach Resort
5. Lekki Int. Airport
6. Lekki Deep Sea Port
7. Lagos State Golf Course
8. Lagos Smart City
9. Numerous Beach Resorts

With all these investments in place, guess how much A Plot of LAND will be selling for in IBEJU-LEKKI in the next 3 to 5 years from now?

Our properties range in prices with the best titles, lets work with your budget.


*1. IMPERIAL GARDEN*
Location: Abijo GRA
Title: CofO
Price: NGN10,000,000
Size: 600sqm

*2. EAST AMBER*
Location: Abijo GRA
Title: Gov Consent
Price: NGN10,500,000
Size: 600sqm


*3. CHRISTAL VILLA QUEEN'S COURT*
Location: Shapati Lakowe
Title: CofO
Price: NGN5,000,000
Size: 600sqm

*4. BEACH FRONT COURTS*
Location: Akodo Ibeju Lekki
Title: Excision
Price: NGN4,200,000
Size: 600sqm

*5. CAMBERWALL ESTATE*
Location: Eleko beach road Ibeju Lekki
Title: Excision
Price: NGN6,800,000
Size: 600sqm

*6. BRICKS COURTS SCHEME 2
Location: Folu Ise, Ibeju Lekki
Tittle: Excision in process
Price: #700,000 per plot
Buy 5 plots and get 1 extra plot currently
Size: 600sqm.

And lot more

History is about to repeat itself.

NOW is the time, seize this opportunity to invest.

For Payment details and Inspection Call/WhatsApp 08062342001

This guy will be world richest man soon.
I love his proweness is pursuing business.

Nigeria aka Dangote

adecz:


In 2006 when price of cement rose to
1000 naira, everybody were complaining,

Obasanjo told us to be patient & that, when
Dangote's Obajana cement plant in Kogi
starts producing, prices will come down.

When obajana plant came up, prices
webt to 1500 & is now 2500!

In the final analysis, Dangote only
cares about getting richer & richer at
our expense.

In the mean time, his trucks & reckless
drivers continues killing nigerians & destroying
our road infrastructure nationwide.

you're just daft, nothing more.

you expect a business man to maintain price even when a currency is greatly devaluing, when the cost of production were at the initial value?

The quantity of meat you buy in the market with N500 in 2015 is it same now?

adecz:


In 2006 when price of cement rose to
1000 naira, everybody were complaining,

Obasanjo told us to be patient & that, when
Dangote's Obajana cement plant in Kogi
starts producing, prices will come down.

When obajana plant came up, prices
webt to 1500 & is now 2500!

In the final analysis, Dangote only
cares about getting richer & richer at
our expense.

In the mean time, his trucks & reckless
drivers continues killing nigerians & destroying
our road infrastructure nationwide.

Its just envy , God don bless that man.and it's a problem for you.

Yes
Run Dangote run!!!

One day I'll join you and surpass you until then run

Nukilia:


Cost of production affects the whole cycle.

now you have said it, kindly name what amounts to the cost of production

papoudaupolos:

Its just envy , God don bless that man.and it's a problem for you.

Bross nah Lie be dat,God hand nor dey.YOu know the political suppression wey dey go on? how he marginalized other small Business to eliminate competition aided by past and present administration?

deepwater:


It's not a coincidence, the truth about the refinery is not being told.

In no way, I repeat noway will that refinery be ready by 2020, when in 2018 we are still discussing piling of foundation?? . It's a single train refinery for those who understand.

Mr Edwin, could you explain why thirteen (13 ) young engineers-in-training Dangote took to INDIA for refinery training resigned on their own? Some resigned from new Delhi and Mumbai, even paid for their own air tickets back to lagos. They just couldn't stand the lies been told on the news and watch their future being held to Ransome.

Tell the truth, stop politics.
The rate at which the cbn is selling forex to Dangote, he will never complete this project. Baba dey take the money dey fund other things. Selling at 134 like say na only Dangote need help.

I tell you bro, that project can never be ready by 2020, no organization at all, all sub-contractors working concurrently, Dangote Batching plant serving the whole yard, Indians messing around while the chinese coys behave the way they like. I think the only serious sub contractor their that might meet up with target is Julius Berger and they are in charge of the road works.

iamkeyz:
Fertilizer export when we still eat THAI PER BOILED RICE and import TOMATOES from Nigeria Republic?
.
Which kain mumubility be this nah?
.
Sometimes I weep at the iberibelistic mumubility of some supposedly sane people ọ.
.
So dangote wants to export Fertilizer when naija never get enough for farming Ai?
.amadioha must look into this case.

You are pained because he is not an Ibo man and the investments are not in Ibo land.
He is a business man and it's not his problem if you can't grow your own tomatoes or rice after all he is solving Nigeria's fuel problem so why the rants

SHEY DANGOTE DEY THINK OF AL-JANNAL IN HIS LIFE?

SheikhMuniru:
SHEY DANGOTE DEY THINK OF AL-JANNAL IN HIS LIFE?

Is he the richest Muslim?

erico2k2:

Bross nah Lie be dat,God hand nor dey.YOu know the political suppression wey dey go on? how he marginalized other small Business to eliminate competition aided by past and present administration?

Except if you don't believe in God. Any country they have the most richest person and it's solonly the handwork of God.
And as you don't believe in God, know that Competition as part of business you have to win it to survive. Dangote is a big winner.
Check the history dangote family are into business before nigeria exists

erico2k2:

Bross nah Lie be dat,God hand nor dey.YOu know the political suppression wey dey go on? how he marginalized other small Business to eliminate competition aided by past and present administration?

Prayer of Benson Idahosa is working in his life.