• When did Nigeria start refining oil?
  • Refining in Nigeria began a decade after oil was discovered in the oil-rich Niger Delta region in the 1950s. Initially starting out in 1965 with a refining capacity of 38,000 barrels per day (bpd), Nigeria’s refining capacity has grown over the years and is considered the 4th largest in Africa.
  • What is Nigeria’s refining capacity?
  • Initially starting out in 1965 with a refining capacity of 38,000 barrels per day (bpd), Nigeria’s refining capacity has grown over the years and is considered the 4th largest in Africa. The nameplate capacity of 445,000 bpd is housed by 4 refineries strategically located in various states around the country: Rivers, Delta and Kaduna.
  • Why should Nigeria invest in Dangote Refinery?
  • With a greater capacity than the total output of Nigeria’s existing refining infrastructure, the Dangote Refinery will be able to meet the country’s entire domestic fuel demand, as well as export refined products.
  • Will modular refineries produce the lightest hydrocarbons in Nigeria?
  • Another critical assumption is that the modular refineries yield will be limited to fuel oils and diesel as the lightest hydrocarbon produced. (approximately 6 million litres daily). The modular refineries bridge a supply gap of 53,000 bpd (approximately 8.5 million litres daily) in Nigeria. 90% utilization. These ramp up to 70%,
  • Are there opportunities for refining petroleum products in Nigeria?
  • In spite of the above, opportunities exist for interested investors to go into refining of petroleum products in Nigeria. Even if all the existing refineries were operating at maximum capacity, there still exists a robust demand for petroleum products in Nigeria.
  • How did the Nigerian oil refinery make money?
  • The refinery was a fully private company and sold its products directly to the marketing companies in Nigeria under an arrangement in which they paid for stated capacities of crude supplied, lifted products realizable from those capacities, and paid the refinery a processing fee accordingly.