Dangote Fertilizer manufacturing facility has entered into a long-time period agreement with Chevron Nigeria for the transport of natural gasoline from Chevron’s deliver portfolio to the plant, that is poised to begin operations quickly in Lekki – Lagos.
The settlement, under the gas Sale and Aggregation settlement (GSAA) is a part of worldwide Oil company (IOC)’s gasoline obligation to the domestic marketplace through the gas Aggregation corporation limited (GACN).
The signing held on the department of Petroleum sources (DPR) workplace in Lagos.
The agreement become completed on behalf of the events by way of organization executive Director, strategy, Capital initiatives & Portfolio development, Dangote Industries constrained, Mr.Devakumar Edwin; Chairman/dealing with Director, Chevron Nigeria restricted (CNL), Mr. Jeffrey Ewing.
Additionally gift is the pinnacle, gas monitoring & regulation division, department of Petroleum sources (DPR), Mr. Sanya Bajomo; and handling Director/CEO, gas Aggregation corporation Nigeria constrained (GACN), Mr. Morgan Okwoche.
Dangote Fertilizer, which is prepared to be commissioned before the stop of this 12 months, will produce three.0 million metric tonnes consistent with annum (mmtpa) of Urea.
The fertilizer plant includes twin educate, with every unmarried educate having a ability of one.5 million tonnes in line with annum of Urea and Ammonia, which makes every of them the largest train to be had within the international. Hence the entire capability of the plant is 3 million tonnes in keeping with annum, and it sits on an area of 500 hectares.
Speaking at the ceremony Edwin recommended the managing Director of GACN for his role in the new commercial enterprise relationship among Dangote Fertilizer limited and Chevron Nigeria limited.
He said the business enterprise become searching ahead to having an extended-time period dating with Chevron Nigeria restrained as well as synergies in other upstream and wider regions of operations in the oil and gas zone.
Chairman/managing Director, CNL, Jeffrey Ewing commended GACN, DPR for helping with the signing of the fuel deliver settlement.
He said: “we’re searching forward to running with Dangote Fertilizer and preserving a very good courting with the agency. This agreement may be very vital for the united states and Chevron is devoted to Nigeria’s financial improvement.”
The managing Director/CEO, GACN, Morgan Okwoche, expressed pride for being part of the domestic fuel agreement.
“that is the beginning of fruitful courting among Dangote Fertilizer constrained, Chevron Nigeria constrained and other events. I am excited that that is taking place for the duration of my term in workplace. You can not consider my pleasure in having this agreement signed presently,” he said.
Head, gas monitoring & law division, DPR, Sanya Bajomo, said: “i am satisfied that GACN, Chevron and Dangote have signed this fuel supply settlement.
“I want to say that this fuel supply agreement is an trouble of national hobby and what passed off today is going to be transmitted to the presidency. I accept as true with all people is going to gain from this settlement whilst the fertilizer plant starts offevolved operation.”