Dangote Announces Plan to Expand Refinery Capacity
Aliko Dangote has announced plans to double the capacity of his $20 billion oil refinery in Lagos to 1.4 million barrels per day (b/d).
The expansion will build on the existing 650,000 b/d capacity of the Dangote Refinery and Petrochemicals complex, located within the Lekki Free Zone.
According to Dangote,
the company is also exploring new financing opportunities and potential partnerships with Middle Eastern investors.
- The upgraded facility would surpass India’s 1.36 million b/d Jamnagar refinery, currently the largest in the world.
- Engineers at the site said the plant was designed with room to accommodate a second refining system, allowing for seamless expansion.
Author’s summary: Dangote plans to expand refinery capacity to 1.4 million b/d.