Nigeria opens Africa’s biggest oil refinery as it tries to boost struggling sector
Nigerian President Muhammadu Buhari has opened Africa’s biggest oil refinery, with hopes it will help the country achieve self-sufficiency and become a net exporter of refined petroleum products ABUJA, Nigeria -- Nigerian President Muhammadu Buhari on Monday opened Africa’s biggest oil refinery , with hopes it would help the energy-rich country achieve self-sufficiency and become a net exporter of refined Pet roleum products. The $19 billion facility built by Aliko Dangote, Africa’s wealthiest man, in Nigeria’s economic hub of Lagos is one of the world’s biggest oil refineries and has a capacity of 650,000 barrels per day. Some analysts have called it a “game-changer” for Nigeria’s oil and natural gas sector, which has been struggling for many years, while others say its capacity could be limited by oil theft. Most of Nigeria’s state-run refineries are poorly maintained and operating far below capacity. The West African nation must import refined petroleum products for its own use des...