Dangote Group has announced that refined petroleum products from its 650,000 per day refinery under construction will hit the market by the last quarter of next year. Also, products from its completed fertiliser plant will be in the market this month.
The Executive Director, Strategy, Capital Projects and Portfolio Development, Dangote Group, Mr. Devakumar Edwin, told journalists in Lagos that the refinery has reached 80 per cent completion, adding that engineering and construction were 100 per cent over while procurement was 98 per cent ready.
He said: “If you look at the overall percentage completion we are at 80 per cent. But that overall includes engineering and design, which is 100 per cent over. Procurement is about 98 per cent over. So, it covers various aspects.
But the core activity which is going on today is construction. “So, if you look at exclusively construction, we have finished 60 per cent of construction. But overall, it is 80 at per cent level. The progress is going reasonably well. “We had the impact of coronavirus because many of the countries where our equipment are being manufactured were affected.