BR100 Increased By (0.14%)
BR30 Decreased By (-0.19%)
KSE100 Increased By (0.12%)
KSE30 Increased By (0.09%)
AGHA 7.79 Increased By ▲ 0.04 (0.52%)
BECO 5.23 Increased By ▲ 0.04 (0.77%)
BML 57.26 Decreased By ▼ -1.40 (-2.39%)
BOP 34.10 Increased By ▲ 0.41 (1.22%)
CNERGY 9.92 Decreased By ▼ -0.69 (-6.5%)
CSIL 5.35 Increased By ▲ 0.05 (0.94%)
FCCL 54.61 Increased By ▲ 0.87 (1.62%)
FFL 16.70 Increased By ▲ 0.24 (1.46%)
FNEL 1.24 Increased By ▲ 0.02 (1.64%)
KEL 7.42 Increased By ▲ 0.14 (1.92%)
KOSM 5.75 Increased By ▲ 0.11 (1.95%)
LOTCHEM 29.35 Decreased By ▼ -0.30 (-1.01%)
MLCF 94.35 Decreased By ▼ -2.01 (-2.09%)
NBP 202.70 Decreased By ▼ -0.83 (-0.41%)
NCPL 57.00 Increased By ▲ 0.15 (0.26%)
NPL 67.78 Increased By ▲ 0.47 (0.7%)
OGDC 316.40 Decreased By ▼ -1.82 (-0.57%)
PACE 10.64 Increased By ▲ 0.01 (0.09%)
PAEL 43.15 Increased By ▲ 1.38 (3.3%)
PIBTL 16.72 Decreased By ▼ -0.09 (-0.54%)
PPL 220.50 Increased By ▲ 0.33 (0.15%)
PRL 49.05 No Change ▼ 0.00 (0%)
PTC 70.98 Increased By ▲ 0.97 (1.39%)
SSGC 28.17 Decreased By ▼ -0.97 (-3.33%)
TBL 9.90 Increased By ▲ 0.13 (1.33%)
TELE 8.80 Decreased By ▼ -0.02 (-0.23%)
TPL 18.14 Increased By ▲ 0.97 (5.65%)
TPLP 13.40 Increased By ▲ 0.89 (7.11%)
TREET 22.75 Increased By ▲ 0.16 (0.71%)
TRG 60.30 Increased By ▲ 0.08 (0.13%)
World

Dangote signs contract with EIL to double refining capacity

MUMBAI: Nigeria’s Dangote has signed a contract with Engineers India Ltd to help double its refining capacity to 1.4...
Published Updated
A view shows part of Dangote oil refinery in Ibeju Lekki district, on the outskirts of Lagos, Nigeria August 7, 2019. Picture taken August 7, 2019. REUTERS
A view shows part of Dangote oil refinery in Ibeju Lekki district, on the outskirts of Lagos, Nigeria August 7, 2019. Picture taken August 7, 2019. REUTERS
By

MUMBAI: Nigeria’s Dangote has signed a contract with Engineers India Ltd  to help double its refining capacity to 1.4 million barrels per day (bpd) in three years, its head Aliko Dangote told a press conference in Mumbai on Wednesday.

EIL, a New Delhi-based Indian company, provided the project management consultancy and engineering, procurement, and construction management for the 650,000 bpd refinery.

The refiner also plans to shut its gasoline producing residue fluid catalytic cracker (RFCC) for five weeks in December-January, Dangote said.

France’s Safran expects annual India revenue to triple to more than $3.4 billion by 2030

Dangote’s refinery, the largest in Africa, was built by billionaire Aliko Dangote, and has undergone several rounds of maintenance this year. The RFCC suffered an outage in August and was brought online in October.

“There is a little bit of design issue with it, which was rectified (during the outage),” Dangote said.

The company also plans to expand its urea production capacity to 12 million tons per year from 3 million tpy currently in a span of three years.

Comments

Comments are closed for this article.