Africa’s richest man Aliko Dangote, who is financing the construction of one of the world’s largest oil refineries, believes that the 650,000-bpd facility could be near its full capacity by the middle of 2020 , which would be some one and a half years later than the originally planned startup date. Back in 2016, Dangote, a construction and concrete magnate worth around US$15 billion at that time, told CNNMoney that the refinery would aim to meet all of Nigeria’s daily demand for fuels of up to 550,000 bpd. The excess, he said, would be exported. At that time, some initial works for the refinery were already under way, with plans to bring it online by late 2018. In mid-2016, Dangote wasn’t worried about low oil prices because refiners win in low oil price environments, as margins are high. “People who own refineries are the best out there, making money,” […]