The Chief Executive Officer (CEO) for the Ghana Chamber of Bulk Oil Distributors, Mr. Senyo Hosi has called on industry players on the continent to support Dangote Refinery to succeed.
The seasoned industry player made this call during a webinar hosted by the CBOD on Thursday, June 3, 2021, on updates on the Dangote Project and its opportunities for Ghana.
Giving his remarks at the end of the virtual programme after moderating what was considered an insightful session, Senyo Hosi described the project as a logistical nightmare.
He commended the Dangote Group and its project managers while insisting that it will inspire the unborn generation.
According to him, it is now up to all Africans especially industry players to do their bit to ensure the project succeeds on the continent of Africa.
“It beholds on all of us as Africans or interested players in the African market to really see a project like Dangote’s project really succeed,” Mr. Hosi noted.
The CEO of CBOD further assures Engr. Babajide Soyode, Technical Consultant to Group CEO Dangote, and Mr. Aliyu Suleiman, Group Chief Corporate Strategy Officer who were the main speakers of the webinar of Ghana’s support for the project.
“You are rest assured Dangote of Ghana’s support, the industry’s support to make sure this works,” Mr. Senyo Hosi concluded.
After a presentation on the update of the project, Engr. Babajide Soyode confirmed that the Refinery is 80% complete.
According to him, the commissioning of units of the refinery has commenced and will continue till next year before it begins full operation in 2023.
Mr. Aliyu Suleiman, the Chief Corporate Strategy Officer for the Dangote Group, emphasized that with the Refinery, they seek to satisfy customers on the continent and beyond at all times with low-cost but quality petroleum products.
He said there are plans to increase the capacity of the Refinery as they aim to work with all available stakeholders and partners to meet the continent's demand.
Taking her turn, Senior Executive at the Ghana National Petroleum Authority (NPA), Madam Alpha Welbeck said the Dangote Refinery is no doubt a game changer in the West African sub-region.
She said the Refinery will be a major boost to the region’s refinery capacity and its operationalization will engender energy security for economic growth.
“We are excited as a regulator that the refinery is designed to produce quality fuels specification in the sub region to improve emissions and air quality.
“We anticipate a reduction in the cost of fuel supplies due to the proximity advantage for fuels in the sub region.
“Ghana looks forward to the opportunities the famous Dangote refinery brings to the sub region,” Madam Alpha Welbeck noted.
On his part, the Executive Secretary of the African Refiners and Distributors Association (ARDA), Anibor Kragha congratulated the Dangote Group.
He stressed that the game-changing refinery represents essentially a paradigm shift in how refining should take place on the continent.
Insisting that the Dangote Refinery is the future of refinery on the continent, he said he has no doubt the refinery will drive harmonization of cleaner fuel specs across Africa.
Noting that ARDA has been working with key stakeholders towards upgrading all refineries on the continent to produce cleaner fuels, Anibor Kragha added that he believes the Dangote Refinery will add to those discussions by setting the stage for the other refineries in Africa to follow and for Africa’s energy security.
About the Dangote Group ultramodern Refinery:
The Refinery is a World-Class 650kbpd Refinery located at the Lekki Free Trade Zone in Nigeria and sits on a 2,600 hectares of land
The Refinery has a logistics advantage relative to imports.
The refinery’s configuration significantly enhances its economics by minimizing the production of low-value products (e.g. LPFO) and incorporating flexibility to allow the swing to more profitable crudes and products.
It boasts of state-of-the-art process technologies capable of producing high-quality products (Euro V specification).
It has dedicated Marine facilities for the offtake of crude and loading of petroleum products.
It also has a storage capacity capable of holding 20 days of the Refinery’s Crude requirement and 11 days of Nigeria’s gasoline consumption.