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  • Written on 10.09.2013 - Industry
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NIGERIA: Dangote concludes USD 3.3-billion loan agreement for USD 9-billion refinery, petrochemical project

Dangote Industries has signed a USD 3.3-billion loan agreement with a group of Nigerian and international financial institutions, which will be used for construction of a USD 9-billion refinery and petrochemical complex in Edo, Nigeria, said
local reports citing Dangote sources.

The complex, scheduled for completion by 2017, will include a 400,000-b/d refinery, a polypropylene (PP) plant with about 600,000 t/y of capacity and a 2.75-million-t/y ammonia and urea facility.

Dangote said UOP has been awarded contracts for construction of the refinery and PP plant.

No other details were given.

Source: Weekly "PetroChemical News", Durham, NC, USA; 9 Sept 2013
(Syed Rashid Ali, Karachi, Pakistan)


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