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The Dangote Refinery is an oil refinery owned by Dangote Group that was inaugurated on 22 May 2023 [1] in Lekki, Nigeria. When fully operational, it is expected to have the capacity to process about 650,000 barrels of crude oil per day, making it the largest single-train refinery in the world.
The Dangote Group is a Nigerian multinational industrial conglomerate, founded by Aliko Dangote. [2] It is the largest conglomerate in West Africa and one of the largest on the African continent. The group employs more than 30,000 people, generating revenue in excess of US$ 4.1 billion in 2017.
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Owner and operator of the terminal is Nigeria LNG (NLNG), a joint venture between Nigerian National Petroleum Corporation (NNPC), Shell Gas, Total, and Eni. [2]At this moment (2022), the terminal has six operational LNG processing facilities, four 84,200m³ LNG storage tanks, four 65,000m³ cooling tanks, and three 36,000m³ condensate storage tanks.
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In 2016, largely in response to dramatically falling oil prices due to U.S. shale oil output, OPEC signed an agreement with 10 other oil-producing countries to create OPEC+. Josh Boak contributed ...
In the latest episode of his political fight with Big Oil, Gov. Gavin Newsom on Thursday called on California lawmakers to pass new requirements on oil refiners during the final two weeks of the ...
The Oil & Gas Journal publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery. For some countries, the refinery list is further categorized state-by-state.