Dangote Refinery is expected to consume about 2.5 per cent of globally traded crude oil at full capacity, its President and Chief Executive Officer, Aliko Dangote, has disclosed.
Dangote made the disclosure while receiving the Minister of State for Industry, Senator John Owan Enoh, who led a high-level delegation from the Federal Ministry of Industry on a tour of the 700,000 barrels-per-day Dangote Petroleum Refinery, Dangote Petrochemicals complex and Dangote Fertiliser Limited in Lagos, according to a statement issued on Wednesday by the Dangote Group.
Reflecting on the refinery project, Dangote described it as the biggest business risk of his life, recalling how many financiers doubted the project would ever be completed.
Despite challenges ranging from the COVID-19 pandemic and foreign exchange volatility to scepticism from lenders, he said the successful delivery of the refinery demonstrates the capacity of Nigerian entrepreneurs to execute projects of global significance.
“What we have
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