Monday, June 6, 2016

Dangote’s Refinery will End Nigeria’s Fuel Crisis

On the outskirts of Lagos, Africa's richest man is building what he says is a solution to the country's fuel crisis: A massive, 650,000 barrel-per-day refinery that is designed to turn the country's crude oil into gasoline for hungry consumers.

Aliko Dangote, a concrete magnate who is worth an estimated $15 billion, said the refinery and petrochemical plant has the potential to satisfy Nigeria's daily requirement of 445,000 to 550,000 barrels of fuel, with spare capacity to export.

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