More

    Dangote To Increase Refinery Capacity From 650,000 To 1.4 Million Bpd

    Dangote Refinery has announced plans to expand its production capacity from 650,000 barrels per day to 1.4 million barrels per day, positioning it as the largest refinery in the world once completed—surpassing India’s Jamnagar Refinery.

    Speaking at a press conference in Lagos, Aliko Dangote, President of the Dangote Group, said the expansion reflects confidence in Nigeria’s economic future and supports President Bola Tinubu’s vision of transforming the country into a global hub for refined petroleum products.

    “This expansion is about confidence in Nigeria, in Africa, and in our capacity to shape our own energy future,” Dangote stated.

    He credited the Federal Government’s supportive policies—such as the Nigeria’s First Policy, Naira-for-Crude initiative, and the One-Stop Shop Initiative—for encouraging investment and industrial growth in the downstream sector.

    The expansion is projected to create about 65,000 jobs during construction and will also boost polypropylene production from 900,000 to 2.4 million metric tonnes per annum, along with the production of base oils and linear alkylbenzene, key components in manufacturing detergents.

    Don’t Miss This: Morocco Sets 2040 Deadline to Eliminate Coal Power, Eyes Global Climate Finance

    Dangote added that the upgraded facility will produce Euro VI-standard fuels, which meet top global environmental and emission standards, and will generate its own power for full operational independence.

    He assured Nigerians of steady fuel supply during the year-end festive period, noting that the refinery is prepared to maintain consistent product availability despite global price fluctuations. “For the first time in many years, Nigerians can look forward to a festive season free of fuel anxiety,” he said.

    Commissioned in May 2023, the refinery began operations in January 2024 and has since reduced Nigeria’s dependence on imported petrol while serving both domestic and international markets.

    Sign up for our free Daily newsletter

    We'll be in your inbox every morning Monday-Saturday with top business news, inspiring stories, best advice and exclusive reporting from Entrepreneur.

    Related Posts

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest

    Africa Dominates Global Off-Grid Solar Market as Adoption Surges Across Homes and Businesses

    Africa Dominates Global Off-Grid Solar Market as Adoption Surges Across Homes and Businesses

    Another Offshore Oil Discovery Strengthens Namibia’s Path to Becoming an Oil Producer

    Another Offshore Oil Discovery Strengthens Namibia’s Path to Becoming an Oil Producer

    Natasha Secures FG Commitment for More CNG Stations in Kogi

    Natasha Secures FG Commitment for More CNG Stations in Kogi

    The Confidence Trap: Why Feeling Like an Imposter May Be Proof That You’re Growing

    The Confidence Trap: Why Feeling Like an Imposter May Be Proof That You’re Growing

    Carved from the Earth: The Subterranean Architectural Genius of Lalibela

    Carved from the Earth: The Subterranean Architectural Genius of Lalibela