Dangote to Begin Crude Oil Production in July

The President, Dangote Industries Limited, Aliko Dangote, will begin oil production in July from two assets he acquired from Royal Dutch Shell Plc.

Dangote, Africa’s richest man, is working with Chinese and Malaysian contractors and has completed a development plan for the Kalaekule field on its Oil Mining Lease 72 asset.

The Group Executive Director, Dangote Industries Limited, Devakumar Edwin, was quoted by Bloomberg as saying these in an interview.

He said work would then move to an undeveloped KI discovery on Block 71, a small shallow water asset in southeastern Niger River Delta.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s