NIGERIA IS ON COURSE BECOMING LARGEST PETROLEUM PRODUCTS EXPORTING COUNTRY IN AFRICA –DANGOTE
Africa’s richest man, Aliko Dangote, has predicted that Nigeria is on course to becoming the largest petroleum products exporting country in Africa.
He told CNN in an interview:” Well, if the NNPC put all their refineries to work, Nigeria will be the largest petroleum products export country in the continent. Not only in the continent – it’ll be one of the biggest (worldwide), not as much as India but almost.
“So let me talk about Dangote Refinery: 40% of our refining products will go outside Nigeria. So that is after meeting the entire demand of Nigeria. We will meet the demand 100%. By June or so, we should be able to fully meet Nigeria’s demand and then because we’re ramping up already, we’re a little bit over 420,000 barrels per day already. So, as we go along, ramping up, I believe by July/August we should be at almost 550,000 barrels per day. Then maybe before end of the year we’ll be at about 650,000.”
GREATRIBUNETVNEWS
