Nigeria is estimated to require 445,000-500,000 bpd of refined products. The country’s installed refining capacity is 445,000 bpd, but the refineries operate at a fraction of their nameplate capacities.
Last week, the country’s acting president announced that two modular refineries would be constructed in each of the Niger Delta states, and that mini-refineries would be legalised and provided with fuel. Nigerian industrial conglomerate Dangote Group is also building a 650,000-bpd oil refinery in the southeast quadrant of the Lekki Free Trade Zone, set to be complete in September 2019.
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