Igbo Oil Mogul Arthur Eze king Vs Aliko Dangote Battle For Oil Supremacy.

Oil exploration in Nigeria and Africa as a whole is a very lucrative business and Aliko Dangote is set to venture into it. we get to see the refinery Aliko Dangote is building which is going to be the largest single-train refinery in the world and hence take over Africa’s oil production, let us take a brief look at the biography of a potential competitor in the African oil production field, Arthur Eze to be precise, who is also a Nigerian.

Prince Arthur Eze was born on November 27th in 1948. He is an indigene of Ukpo village in Dunukofia Local Government area of Anambra State, Nigeria.

Arthur has royal blood, His older brother is the high chief of Ukpo village in the Dunukofia Local Government area of Anambra State. Eze holds the title of “ozoigbondu” of Igboland.

From 1970 to 1974, Arthur had his basic education at St. Augustine Secondary School in Nkwere, Imo State where he had his first school leaving certificate.

He went ahead to study mechanical and chemical engineering at California State University, Long Beach from 1974 to 1978.

He is a Nigerian business tycoon and is the founder and chairman of Atlas Petroleum International Ltd. He is considered as one of the richest persons in Africa and has an estimated net worth of over $5.8 billion.

In 1991, Eze founded Atlas Oranto Petroleum for oil exploration activities in West Africa, and was able to incorporate it two years later. To date, the company is the largest holder of oil exploration blocks in Africa. The company’s reach continues to grow, and just two oil blocks alone can produce more than 100,000 barrels of crude oil each day.

The company currently has 22 oil and gas licenses in 12 jurisdictions across Africa. It has assets in Nigeria, Equatorial Guinea, and several Atlas Oranto operated oil blocks.

However Dangote looks set to be a new competitor in the African oil market and the world at large. His refinery undergoing construction is estimated at $9 billion dollars. we continue, let’s take a brief look at Dangote’s biography.

Alhaji Aliko Dangote GCON is a Nigerian businessman and philanthropist who is the founder and chairman of Dangote Group, an industrial conglomerate in Africa.

Aliko Dangote, an ethnic Hausa Muslim from Kano, Kano State, was born on 10 April 1957 into a wealthy Muslim family, his the son of Mohammed Dangote and Mariya Sanusi Dantata, his mother happens to be the daughter of Sanusi Dantata.

He furthered his education and received a bachelor’s degree in business studies and administration from Al-Azhar University, Cairo. The Dangote Group was established as a small trading firm in 1977, the same year Dangote relocated to Lagos to expand the company.

Today, it is a multi-million-dollar company with many of its operations in Benin, Ghana, Nigeria, Zambia and Togo. Dangote now covers food processing, cement manufacturing, and freight.

The Dangote Group also dominates the sugar market in Nigeria and is a major supplier to the country’s soft drink companies, breweries, and confectioners.

The Dangote Group has moved from being a trading company to being the largest industrial group in Nigeria. His subsidiaries include Dangote Sugar Refinery, Dangote Cement, and Dangote Flour.

In Nigeria today, Dangote Group owns the largest refinery in Africa and the third largest in the world, producing 800,000 tonnes of sugar annually.

Dangote Group also owns salt factories and flour mills and is a major importer of rice, fish, pasta, cement, and fertiliser. The company exports cotton, cashew nuts, cocoa, sesame seeds, and ginger to several countries. It also has major investments in real estate, banking, transport, textiles, oil, and gas.

This company employs more than 11,000 people and is the largest industrial company in West Africa. Aliko Dangote has an estimated net worth of US$8.3 billion as of May 29, 2020 making him the 162nd wealthiest person in the world and the richest person in Africa. Dangote Refinery is an oil refinery owned by the Dangote Group that is under construction in Lekki, Nigeria. When complete, it will have a capacity to process about 650,000 barrels per day of crude oil.

Aliko Dangote unveiled early plans for the refinery in September 2013, when he announced that he had secured about $3.3 billion for financing the project.

At the time, the refinery was estimated to cost about $9 billion, of which $3 billion would be invested by the Dangote Group and the remainder would come via commercial loans. The set time for the completion was 2016. After a change in location to Lekki, construction of the refinery did not begin until 2016 with excavation and infrastructure preparation, and the planned completion was pushed back to late 2018.

In July 2017, major structural construction began, and Dangote estimated that the refinery would be mechanically complete in late 2019 and commissioned in early 2020.

According to people familiar with the project, construction was likely to take at least two times as long as Dangote stated, with the refinery not been able to function until 2022. a single crude oil distillation unit, Dangote’s refinery will be the largest single-train refinery in the world.

At full production, the facility will be able to produce 50,000,000 litres (13,000,000 US gal) of gasoline and 17,000,000 litres (4,500,000 US gal) of diesel daily, as well as aviation fuel and plastic products. With a greater quantity than the total products of Nigeria’s existing refineries.

The Dangote Refinery will be able to meet the country’s entire domestic fuel demand, as well as export refined products.

This would leave Aliko Dangote and Authur Eze battling for supremacy in The African Oil market as they’d try to outshine each other.