Nigeria’s $12b Dangote Oil Refinery, which will be the largest in the world slated for Lagos, will be in full operation by 2019 and is expected to produce 650,000b/d of oil, All Africa reported.
According to Construction Review Online, the oil plant will also have the largest sub-sea pipeline infrastructure in the world with the capacity to handle 3bcm of oil.
Once the refinery commences full operations, it is set to benefit many countries, including Zambia, in the imports of the commodity.
The project, which is located in Likke Free Trade Zone in Lagos, has three phases, with the first one to be ready by the end of 2017. The second phase, in which will entail actual construction, will end in 2018, and the commencement of operation of the refinery in 2019. Construction works have now reached 15%.
The project is expected to create 60,000 jobs for local Nigerians and 24,000 staff will be accommodated by the company. The plant is also expected to reduce imports of oil by $7.5m per year.