HomeBusinessHow Dangote Refinery’s next big leap could reshape global fuel markets

How Dangote Refinery’s next big leap could reshape global fuel markets

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Dangote Refinery plans to increase the number of crude oil grades it can process from about 40 to 130 as part of an expansion projectThe expansion aims to double the refinery’s capacity to 1.4 million barrels per day and make it more competitive in global energy marketsThe refinery expects lower operating costs, greater flexibility in sourcing crude from different countries, and stronger long-term export partnerships

Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.

Africa’s largest oil refinery, owned by Aliko Dangote, is preparing for a major transformation that will significantly increase its capacity to process crude oil from around the world.

The refinery’s Chief Executive Officer, David Bird, disclosed in an interview with S&P Global Commodity Insights that the facility plans to expand its crude-processing capability from about 40 crude grades to as many as 130 varieties.

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