The Group Executive Director, Strategy, Portfolio Development & Capital Projects, Mr. Devakumar Edwin, revealed that, the coming on stream of the Dangote Refinery and Petrochemicals will go a long way in bringing the much-desired resolution to the unemployment crisis ploughing the nation as the company would engage about 2000 personnel in the field of engineering
Nigeria’s largest sugar producer, Dangote Sugar Refinery declared a profit before tax of N34.6 billion for the financial year ended December 31, 2018. A breakdown of the result released on the floor of the Nigerian Stock Exchange (NSE) indicated that while gross profit stood at N39.7 billion, the refinery earned a revenue of N150.4 billion.
The Dangote Petroleum refinery is to make 65.4 million litres of Premium Motor Spirit (PMS), popularly called petrol, Diesel (AGO), Aviation Jet fuel, and Dual Purpose Kerosene (DPK) daily, when it becomes operational. The 650,000 barrels per day (bpd) Dangote refinery which is to commence operations in 2020 is expected to transform Nigeria from a
Dangote Petroleum Refinery & Petrochemicals Company has inaugurated a vocational training scheme that will instill necessary skills in young men and women from the Ibeju-Lekki area of its operation. The company said the initiative was part of efforts aimed at making youths from its host communities employable. The Executive Director, Capital Projects, Dangote Group, Mr
A senior petroleum ministry official has disclosed that deposits of crude oil in Kenya are insufficient to start building refinery. The country presently exports no crude. In 2012 Kenya discovered commercial oil reserves in its Lokichar basin. Tullow Oil Company assess the basin to have about 560 million barrels in the so- called 2c proven
The Nigerian Content Development and Monitoring Board (NCDMB) has signed a $10 million equity investment agreement with Waltersmith Refining and Petrochemical Company Limited for the construction of 5,000 barrels per day modular refinery to be located at Ibigwe, Imo State. The Executive Secretary of NCDMB, Mr. Simbi Kesiye Wabote and the Director of Finance and
To this end, the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, who visited the Dangote oil refinery site at Lekki Free Trade Zone, in Lagos, said the government is ready to play its part as a responsible government to assist in making sure the project is completed before the scheduled date Federal Government
