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  • reliable reputation eco worthy oil press in nigeria
Will Nigeria's biggest oil refinery boost refining capacity?

(AP Photo/Sunday Alamba, File) ABUJA, Nigeria (AP) ¡ª Africa¡¯s biggest oil refinery has begun production in Nigeria, the company has said, ending a yearslong wait for a plant that analysts said Monday could boost refining capacity in a region heavily reliant on imported petroleum products.

Does Nigeria rely on energy?

But the country¡¯s government and economy depend on energy. Nigeria is Africa¡¯s biggest oil producer, with fossil fuels accounting for 60% of government revenue and 90% of foreign exchange earnings. The Petroleum Industry Act, which Buhari signed into law in August, envisions an even greater role for oil and gas in Nigeria¡¯s economy.

Is Nigeria's first oil refinery a game-changer?

The $19 billion facility, which has a capacity to produce 650,000 barrels per day, has started to produce diesel and aviation fuel, the Dangote Petroleum Refinery company reported Saturday. As Nigeria¡¯s first privately owned oil refinery, the project ¡°is a game-changer for our country,¡± it added.

Is the Dangote Refinery a Silver Bullet for Nigeria's energy crisis?

The Dangote refinery is ¡°not a silver bullet¡± for Nigeria¡¯s energy crisis, according to Olufola Wusu, an oil and gas expert who was part of a team that helped review Nigeria¡¯s national gas policy.