rrequirements of refing crude oil in lagos

                                               
                                               
                                               
                                               
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  • Will Nigeria become a net exporter of refined petroleum products?
  • Oil pipelines, seen during the opening ceremony of Africa’s biggest oil refinery in Lagos, Nigeria, Monday, May 22, 2023. Nigerian President Muhammadu Buhari on Monday opened the oil refinery, with hopes it would help the energy-rich country achieve self-sufficiency and become a net exporter of refined petroleum products.
  • Is Nigeria’s first oil refinery a game-changer?
  • The $19 billion facility, which has a capacity to produce 650,000 barrels per day, has started to produce diesel and aviation fuel, the Dangote Petroleum Refinery company reported Saturday. As Nigeria’s first privately owned oil refinery, the project “is a game-changer for our country,” it added.
  • Does Nigeria need a refinery?
  • The refinery is expected to solve some of Nigeria’s petroleum issues. Despite being an oil-producing nation and one of Africa’s largest oil producers, Nigeria lacks the capacity to refine its oil. A large number of these products that exist in the West African country are imported from other nations like India, Belgium, UAE, and the Netherlands.
  • Will Nigeria’s biggest oil refinery boost refining capacity?
  • (AP Photo/Sunday Alamba, File) ABUJA, Nigeria (AP) — Africa’s biggest oil refinery has begun production in Nigeria, the company has said, ending a yearslong wait for a plant that analysts said Monday could boost refining capacity in a region heavily reliant on imported petroleum products.