The President, Dangote Industries Limited, Aliko Dangote, is set to begin oil production in July from two assets he obtained from Royal Dutch Shell Plc.
This, the Group Executive Director, Dangote Industries Limited, Devakumar Edwin, disclosed in an interview with Bloomberg.
According to the report, Dangote is currently partnering with the Chinese and Malaysian contractors and has so far completed a development plan for the Kalaekule field on its Oil Mining Lease 72 asset.
He added that work would be moved to an undeveloped KI discovery on Block 71, a small shallow water asset located in the southeastern Niger River Delta.
On Wednesday while speaking at the ‘Going for Growth 2.0,’ in Abuja, Dangote, had said that the diversification of the Nigerian economy needs to be effective as fast as possible.
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