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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 investment is over US$19 billion. [2]
Capacity (AS/NAS) 10 6 ft 3 /d Capacity 10 6 m 3 /d Capacity ref. Pipeline connections (Domestic) Pipeline connections (Export) Additional description Alakiri: OML 18/ Eroton exploration and production co ltd . 120 3.4 . DOMESTIC - Alakiri to Onne Gas pipeline, Alakiri -Obigbo North -lkot Abasi pipeline [permanent dead link ]
Nigeria hosts about 60 percent of the pharmaceutical production capacity in Africa (status 2022) and is projected to grow between $60 billion to $70 billion after COVID-19, experts say. [98] The pharmaceutical industry in Nigeria has headroom for growth and can potentially reach $4 billion over the next 10 years. [ 99 ]
The rice mill has a capacity to produce 2.8 million bags of 50 kg bags of rice yearly, while generating 1,500 direct jobs and 254,000 indirect jobs. On completion, in line with the estimated installed infrastructure of the facility, the production capacity of the rice mill in Imota will set it among the largest in the world, and the largest in ...
Nigeria’s transport network has expanded in recent years to accommodate a growing population. The transport and storage sector was valued at N2.6trn ($6.9bn) in current basic prices in 2020, down from N3trn ($8bn) in 2019, according to the National Bureau of Statistics (NBS). This was reflected in a lower contribution to GDP, at 1.8% in the ...
Its reserves make Nigeria the tenth most petroleum-rich nation and by far, the most affluent in Africa. In mid-2001, its crude oil production was averaging around 2,200,000 barrels (350,000 m 3) per day. [13] It is expected that the industry will continue to be profitable based on an average benchmark oil price of $85-$90 per barrel. [14]
The company's Apapa complex has bulk unloading and storage capabilities with a mill to process North American wheat blends. In 1964, the company expanded its offering with the establishment of a polypropylene manufacturing plant that traded under the business name Nigerian Bag Manufacturing Company Limited. [ 7 ]
The Port Harcourt Refining Company, (abbreviated PHRC), is a Nigeria-based oil and gas company primarily specializing in the refining of crude oil into petroleum products. It is headquartered in Port Harcourt metropolitan area of Rivers State, southeastern Nigeria. The company is a subsidiary of the Nigerian National Petroleum Corporation (NNPC ...