Dangote Industry Limited in its bid to meet up with Nigeria’s gas requirements have acquire a gas firm called Twister B.V. a company in which has its head quarter in Netherlands.
According to businessnews.com.ng Twister B.V is a high-yield and robust solutions in natural gas processing and separation to the upstream and midstream oil and gas sectors which already have its customer based in Nigeria, Malysia and South America Twister B.V.
Aliko Dangote in his statement says “This was an important acquisition for us. Twister’s cutting edge gas processing technology is fundamental to delivering our strategy to unlock about 3 bcfd of gas in order to meet Nigeria’s gas needs.”
Twister’s CEO, John Young said “We are delighted in the confidence DIL and First E&P have shown in Twister to be their core provider of gas separation solutions. After a very thorough due diligence our technology has been recognized as a key enabler to reduce gas project costs which is crucial in this current environment. We are excited to be part of the Dangote family of companies.’
Dangote who said the refinery would cost close to $17 billion says it would have a capacity of 650,000 barrels a day, he futher said “Our refinery will be ready in the first quarter of 2019. Mechanical completion will be end of 2018 but we will start producing in 2019.”
When the projects fully take off in 2019, it would help the country save $5 billion spent on the importation of oil into the country. He said
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