By Prince Okafor
Hyundai Heavy Industries is set to construct 15 bullet tanks for the storage of liquefied petroleum gas (LPG) at Dangote Oil Refining Company, Africa’s largest refinery.
This is expected to enhance business between Nigeria and South Korea that was put at $9.9 billion (N3.02 trillion) last year after the company won the bid to build LPG tanks in a contract worth N20.9 billion ($58 million) in Nigeria.
Hyundai stated that it was set to deliver the 15 cylindrical tanks, each being eight meters in diameter and 95 meters in length, capable of storing 75,000 cubic meters of LPG, adding that the refinery is expected to be the world’s biggest single-train facility, upon completion in 2019.
Meanwhile, Mr. Nuhu Yakubu, the President of the Nigeria Liquefied Petroleum Gas Association, NLPGA, has expressed the commitment of the association to contributing towards the sustainable development of the sector.
He said the NLPGA has already embarked on programmes targeted at propagating the use as well as safety of LPG in Nigeria.
Yakubu stated: “It is because of government’s involvement in the formation of NLPGA that the Federal Attorney-General and Minister of Justice approved the name for registration at the Corporate Affairs Commission, and made it mandatory for relevant government agencies like the Department of Petroleum Resources, DPR, Standards Organisation of Nigeria, SON, Nigerian National Petroleum Corporation, NNPC, the Federal Fire Service, etc. to be involved as members of the association.
“The reason why the NLPGA is committed to increasing investment in production and utilisation of LPG in Nigeria, is because government as at that time till now, is very interested in growing the LPG market in recognition of the fact that Nigeria has been proven to be more of a gas province than oil, and remains a net exporter of gas, including LPG.”