The Dangote Refinery is said to have started constructing eight new tanks to increase its capacity to store imported crude oil, according to Africa Report.
This expansion, as stated in the report, will boost the refinery’s crude storage by 6.29 million barrels, equivalent to approximately 1 billion liters.
The $20 billion refinery’s crude storage capacity will rise by 41.67%, from 2.4 billion liters to 3.4 billion liters, with the addition of the new tanks. Devakumar Edwin, Executive Vice President of Oil and Gas at Dangote Industries, explained the rationale for the expansion:
“Importing crude from other countries instead of buying locally means that our crude stockpiles will have to be higher.
So we have started building eight additional crude tanks to hold a billion liters, over and above our original storage capacity. Four of them are nearing completion,” Edwin stated.
Currently, the refinery is equipped with 20 crude storage tanks, each with a capacity of 120 million liters, bringing the total storage to 2.4 billion liters. The facility’s refined product storage capacity stands at 2.34 billion liters.
The expansion, as gathered by WorldClass247News, underscores the refinery’s efforts to ensure a steady supply of crude as it moves closer to full operations.