The contract aims to achieve oil production capacity of 650,000 barrels per day. This is part of the new Managing Director Mele Kolo Kyari blueprint to establish NNPC as a world-class state oil company. Kyari also plans to drive transparency in NNPC, making it a ‘supplier of first resort’ for the Dangote refinery.
Kyari said “We are going to do everything possible to make that open, the businesses open, so that people can actually predict what we’re going to do next.”
NNPC business operations are managed through Strategic Business and Corporate Services Units across Nigeria. NNPC is also actively working to improve its own struggling refineries, and are taking into account both government and private funding. Kyari added that Africa needs to boost its refining capacity.
Dangote refinery is building an integrated refinery and petrochemical complex in the Lekki Free Zone near Lagos. Upon completion, it is expected to be Africa’s biggest refinery and the world’s largest single-train facility.
Dangote refinery is being constructed by billionaire Aliko Dangote. The refinery’s construction will not be completed before 2020 end because of trouble with importing steel and other equipment, a media report said.
The refinery expects to produce fuel within a span of two months from the time of completion. Industry sources said that fuel output was unlikely before 2022. Also, the crude unit for the refinery which is coming in from China is expected to arrive by the end of October.