Dangote Group expects Nigeria oil refinery to come on-stream by mid-2018

Dangote Group, controlled by Africa’s richest man, expects an oil refinery it is building in Nigeria to come on-stream in late 2017 or the first half of 2018.

The plant in the Lagos area will be able to process 500,000 barrels of crude a day, George Nicolaides, Dangote Industries’ operations director for petroleum refining, said in an interview at the Platts African Refining Summit in Cape Town today.

“The site is being cleared, the plant is being designed,” Nicolaides said. “We are close to the beginning of detailed engineering.”

Read more: Dangote Says Nigeria Lagos Refinery to Start by Mid-2018 – Bloomberg.