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Dangote Grooms Nigerian Engineers to Manage Refinery Complex on Completion

Mar 01, 2021   •   by   •   Source: Proshare   •   eye-icon 1306 views

Monday, March 01, 2021/08:40AM/Dangote/HeaderImage Credit: Dangote


 Proshare Nigeria Pvt. Ltd.


The Management of Dangote Oil Refinery is preparing youngNigerian graduates to take over the management of its 650,000 barrels per daysingle train refinery when it becomes operational in 2022.

 

Already, the company has trained several Nigerian engineers insome of the world's biggest refineries in India and other parts of the world togain first-hand experience on how to manage a refinery of this magnitude.

 

The President of the Dangote Group, Aliko Dangote, who made thisdisclosure on Saturday during the tour of the Dangote Refinery by the CentralBank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, affirmed that the countryis blessed with great talents that can run a refinery of this size, if giventhe necessary encouragement.

 

According to him, the outbreak of Corona Virus in 2020, whichforced many expatriates out of the Construction site made it possible for thecompany to identify great talents that exist within Nigeria.

 

Dangote stated: "One thing that gladdens my heart is the youngNigerians we have trained to take over the operation of the Dangote Refinery.These young Nigerians are the ones that are going to run the refinery when itbecomes operational. We want a situation whereby the operation of the refinerywill be the sole responsibility of Nigerian graduates. We can start the processby bringing in team leaders to keep giving them that training they require torun a world class refinery. However, we will ensure that Nigerian engineers, welders,and others are the ones running the refinery. We have created that capacity,human capacity, equipment capacity and every other thing to ensure thesuccessful operation of the refinery by Nigerian engineers."

 

Speaking also after the tour of the refinery, the CBN Governor,Godwin Emefiele said that arrangement is being made to enable the DangoteRefinery sell refined crude to Nigeria in naira when it commences production.

 

The CBN governor noted that the $15 billion projects beingconstructed by the Dangote Group would save Nigeria from expending about 41 percent of its foreign exchange on importation of petroleum products.

 

Emefiele said:" Based on agreement and discussions with theNigerian National Petroleum Corporation and the oil companies, the DangoteRefinery can buy its crude in naira, refine it, and produce it for Nigerians' use in naira.

 

 "That is the element where foreign exchange saved for thecountry becomes very clear.

 

"We are also very optimistic that by refining this producthere in Nigeria, all those costs associated with either demurrage from import,costs associated with freight will be totally eliminated.

 

"This will make the price of our petroleum products cheaper innaira. "If we are lucky that what the refinery produces is more than we needlocally you will see Nigerian businessmen buying small vessels to take them toour West African neighbours to sell to them in naira.

 

"This will increase our volume in naira and help to pushit into the Economic Community of West African States as a currency," Emefielesaid.

 

He expressed optimism that the refinery would be completed bythe first quarter of 2022, adding that this would put an end to the issue ofpetrol subsidy in the country.

 

"I am saying that by this time next year, our cost of import ofpetroleum products for petrochemicals or fertiliser will be saved, which willsave Nigeria's reserve. "It will help us so that we can begin to focus on moreimportant items that we cannot produce in Nigeria today," Emefiele said.

 

He said the CBN had given a N100 billion intervention to theprojects, adding that the apex bank was ready to support Nigerian businessesset up to uplift the country economically.

 

Dangote said that the fertiliser and petrochemicals plants couldgenerate 2.5 billion dollars annually while the refinery would serve Nigeriaand other countries across the world.

 

Dangote thanked President Muhammadu Buhari and the CBN governorfor their support toward the completion of the projects.

 

He said: "I would like to thank the President personally forhelping us and assisting us in making sure that we are now back on track.


 Proshare Nigeria Pvt. Ltd.


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Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

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