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Dangote Refinery to Supply Petroleum Products to Ghana

By Modupe Gbadeyanka

A company based in Ghana, Bulk Oil Distributors, has said it plans to patronise the Dangote Oil Refinery expected to begin operations in 2019.

The oil buyers said arrangements have been put in place to import petroleum products from the world’s largest single-train refinery situated in Lekki, Lagos State.

The oil facility is owned by the foremost industrialist and Africa’s richest man, Mr Aliko Dangote, who has interests in several companies spread across the continent.

Hints of eager expectation and hopes on the Dangote Refinery were revealed at this year’s Ghanaian International Petroleum conference (Ghipcon 2018) which held in Accra, Ghana.

Participants at the international Conference as well as oil distributors and marketers from various countries were eager to know how they could key in for supplies from the 650,000 barrel per day refinery that is preparing to take the continent by storm.

The Ghanaian government expressed the view that dealing with Dangote refinery for petroleum import would be a better business for African nations than depending on the international market for the supply of refined petroleum products.

President of Ghana, Nana Akufo-Addo, who was represented by Vice-President, Mr Mahamud Bawumia, said African nations are anxiously waiting for Dangote Refinery.

“We will rather purchase from the Dangote Refinery due to the proximity of the refinery to Ghana and other neighbours,” he said.

During their visit to the Dangote Oil exhibition stand, the Ghanaian Vice-President and the Minister of Energy, Boakye Agyarko were amazed at the size of the project and expressed satisfaction with the pace of work being done at the refinery as explained to them by Engr Babajide Soyode, the Technical Adviser to the President of Dangote Group on Refinery and Petrochemical Matters, who led the Dangote Refinery team to the conference.

Vice President Bawumia commended Mr Dangote on the initiative which is 100 percent privately funded and expressed the hope that Ghana would stand to benefit from the project when it is completed.

On his part, the Minister of Energy said it would take a big heart to embark on such a gigantic project and lauded the efforts of Africa’s richest man of in trying to meet the needs of the people.

He noted that projects such as this is what Africa needs to develop, and that Ghana is ready to fully support Mr Aliko to achieve his objectives of building a petrochemical plant to meet the energy needs of Ghana and the rest of Africa.

According to him, the completion of the project would culminate in the integration of the downstream industries, lower cost of business and reduce the prices of petroleum products across the sub-region.

Ghana is said to have a favourable petroleum market environment and investments in infrastructure such as oil jetties, pipeline and distribution infrastructure, refineries and gas processing plants, storage and loading gantries are welcome.

Engr. Soyode noted that Mr Aliko Dangote will always do his best in whatever sector of the economy he ventures into, and that is why this refinery will be completed and meet the needs of Nigeria, West Africa and the entire African continent.

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Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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