Nigeria Launches New Giant Oil Refinery ...Middle East

Economy by : (OILPRICE) -
Nigeria is today set to put into operation the Dangote refinery that the government hopes will alleviate a chronic fuel shortage that has turned Africa’s biggest oil producer into a fuel importer. At 650,000 barrels daily, the capacity of the facility is pretty impressive and, according to Nigerian media, will be enough cover 100% of the country’s fuel demand. The refinery had an initial price tag of $12 billion but ended up costing $19 billion as it ran into delays. Processing is scheduled to begin in June, although, according to Energy…

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