BREAKING NEWS

    Dangote Group US$2 Billion Fertilizer Plant be Ready to Start Production

    Posted On 27 Jul 2020
    By :
    Comments: 30

    By Richard Adorsu-

    Photo Credit: Pulse

    NEW AFRICA BUSINESS NEWS (NABN) Accra, Ghana- Dangote Group’s fertilizer plant, now under construction in Nigeria’s biggest city of Lagos, will be ready to start production late this year.

    Owned by Aliko Dangote, Africa’s richest man, the facility located in the Lekki district of Nigeria’s commercial hub, has a name-plate capacity of 3 million tons a year of urea and ammonia, making it the world’s biggest. It is in the vicinity of a 650,000 barrels a day Dangote oil refinery also under construction.

    Test runs started at the plant in March, though they were hampered by the disruptions that came with the coronavirus pandemic, said Maurizio Coratella, chief operating officer of Saipem SpA.

    “Train two commissioning and testing will start soon, as such activities will be overlapped with train one,” Coratella said. “The project is planned for completion within the end of 2020, with train one starting production within weeks and train two following soon after.”

    Saipem is making special arrangements, including setting up dedicated flights for vendors and suppliers to enable it meet the completion deadline, he said.

    Saipem’s operations in Nigeria, where it’s been in business for more than 50 years, span several industries including oil, gas and power. Among its four major construction contracts currently running in the West African country, it expects a 430-megawatt power plant being built for Eni SpA in the southern delta region to start operating within weeks.

    New Africa Business News
    Africa’s Fastest Growing Global Newspaper. Forward www.newafricabusinessnews.com

    The company is among bidders for Royal Dutch Shell Plc’s Bonga offshore oil-field expansion and is also in the early stages of revamping state-owned refineries in the oil-industry centers of Warri and Port Harcourt, Coratella said.

    Four refineries with a combined capacity for 445,000 barrels of crude run by Nigerian National Petroleum Corporation are shut for refurbishment and only due back in production in 2023.

    Saipem is among three joint ventures that bid for engineering work for Qatar’s liquefied natural gas expansion project. The firm and its partners who won a $4 billion contract to build Nigerian LNG Ltd.’s train 7 project, is eyeing “big LNG” and petrochemical projects in Southeast Asia, the U.S. and Russia, Coratella said.

    “In terms of opportunities, most of them have been delayed to 2021,” he said.

     

     

    Invest in Modern Africa
    Africa Fastest Growing Continent. Six of the World’s Ten Fastest Growing Economies are in Africa. More than Half of Global Population Growth between now and 2050 is Expected to Occur in Africa. This Decade Belongs to Africa as Technology Ripples through the Continent. Africa the Untapped Market. Africa Great Continent to Invest & Grow Business. Africa the Last Frontier for Investment. Africa is the Future.

     

    New Africa Business News Person of the year 2020
    Start Voting for New Africa Business News Person of the year 2020. Nomination Starts July 04 & Ends December 15/ 2020. Please Submit your Nominee’s Name, Country, Brief Reason for the Nomination. Please Limit Submission to 50 words and One Submission per Person. Email all Nomination to info@newafricabusinessnews.com. New Africa Business News Person of the year will be Announced January 01/ 2021. New Africa Business News. Africa’s Most Read and Fastest Growing Global Newspaper.  www.newafricabusinessnews.com 

     

    AFRICAN CONTINENTAL FREE TRADE AREA (AfCFTA)
    Accelerating Intra-African Trade and Boosting Africa’s Trading Position in the Global Market by Strengthening Africa’s Common Voice and Policy Space in Global Trade Negotiations. For More Information Contact: African Union Headquarters, P.O. Box 3243, Roosvelt Street W21K19, Addis Ababa  Ethiopia,  Tel: +251 11 551 77 00  Fax: +251 11 551 78 44.

     

    Africa President of the year 2020
    Start Voting for Africa President of the year 2020. Nomination Starts February 01 & Ends December 15/ 2020. Please Submit your Nominee’s Name, Country, Brief Reason for the Nomination. Please Limit Submission to 100 words and One Submission per Person. Email all Nomination to info@newafricabusinessnews.com. Africa President of the year will be Announced January 01/ 2021. New Africa Business News. Africa’s Most Read and Fastest Growing Global Newspaper.  www.newafricabusinessnews.com

     

    HELP FIGHT CLIMATE CHANGE
    United Nations Environment Programme (UNEP) Leading Global Environmental Authority that Sets the Global Environmental Agenda, Promotes Coherent Implementation of the Environmental Dimension of Sustainable Development within the United Nations System, and Serves as an Authoritative Advocate for the Global Environment.  Visit:  www.unenvironment.org 

     

     

    For New Africa Business News Richard Adorsu Reports,  Africa Correspondent

    Facebook: newafricabusinessnews.com

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

    About the Author
    New Africa Business News Staff Correspondent
    1. Akin July 27, 2020 at 1:24 am Reply

      Journalist Richard thank for your beautiful report. Yes, they don’t report good news of our great continent. But new Africa business news reports the accurate news. Like it or not Africa is the future. Akin in Lagos Nigeria

    2. Betty July 27, 2020 at 1:29 am Reply

      Aliko Dangote is another African success story. Look he made all his billions in our great Continent. London England. Betty

    3. Emilohi July 27, 2020 at 1:35 am Reply

      Thank you for your reporting’s. I love your brand. Feeding us accurate news of our great continent. Abuja Nigeria. Emilohi

    4. Rachel July 27, 2020 at 1:50 am Reply

      Don’t believe what they showing you on their televisions about Africa. Seeing is believing. Are fake news. If you are black or African origin, any where in the world. Africa need you to come back home. Thank you to your team. I love New Africa Business news. Regular reader. Rachel in Johannesburg South Africa

    5. Lily July 27, 2020 at 1:59 am Reply

      I love you feeding us with accurate news of Africa. Learning a lot about Africa. Following your online newspaper on face book. I recommended it to my family and friends to check it out. Thank you. Lily Edinburgh Scotland

    6. Samantha July 27, 2020 at 2:17 am Reply

      Thank you, love new Africa business news. Am an African American. All that they told us about Africa. All lies. Please come home. We moved to Ghana March of 2018. We then bought a land and just complete building our dream home. We just started a business, but the sky is the limit. Our Ancestors are calling us to come back home. Yes am very happy for Billionaire Dangote, on this report. Samantha in Greater Accra, Ghana

    7. Victoria July 27, 2020 at 2:26 am Reply

      Samantha, we also moved to Ghana. We are black British from Bristol UK. Best decision we ever made. Fan of your great online newspaper thanks and thank you, Ricard for your report. Accra Ghana. Victoria

    8. Audrey July 27, 2020 at 2:48 am Reply

      Aliko Dangote’s business success achievements and continue achieving success, is a great motivation for us young Africans. Windhoek in Namibia. Audrey

    9. Malebogo July 27, 2020 at 2:55 am Reply

      Thank you for signing me to new Africa business news, newsletter. Gaborone Botswana. Malebogo

    10. Chante July 27, 2020 at 3:12 am Reply

      Am 24 years old, African American from Atlanta Georgia from the US. recently moved to Accra. Great place to live. I fell lot safer in Africa than in Atlanta. Lot of opportunities. Love Africa. Chante in Accra Ghana

    11. Adrianus July 27, 2020 at 3:21 am Reply

      We also moved to Africa. Black Europeans. We move from Amsterdam to Kumasi. Great place to raise kids. Friendly place. Our two boys love the place. Adrianus in Kumasi GHANA

    12. Jocelyn July 27, 2020 at 3:29 am Reply

      Thank you for reporting, am fan of your online newspaper. Following the newspaper on face book. Love you covering the whole Continent. Love Africa and the people. Jocelyn in Frankfurt Germany

    13. paul roni July 27, 2020 at 3:40 am Reply

      Love your newsletter and thanks for signing me. Love consuming accurate news from our continent. Libreville in Gabon. paul roni

    14. Marcus July 27, 2020 at 3:47 am Reply

      We live in London and black British, moving to Africa in September. We can’t wait. Marcus in London England

    15. Barbara Ofosuhene July 27, 2020 at 3:45 pm Reply

      Time for the African continent to shine, the sky is the starting point. Thank you Richard for positively reporting on Africa. Barbara,Accra, Ghana.

    Leave a Reply

    *

    Facebook

    Latest Posts

    Embangweni Trading Centre got a facelift as a Contemporary Modern Market Structure by the Malawi Administration

    Africa Finance Corporation Launches $2 Billion Facility to Support Economic Recovery in Africa

    AfriMoney in complicity with Watu - an Asset FinTech disclose ‘Okada Bomba' Promotion

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.