Why Dangote wants to expand refinery by 700,000 bpd

Aliko Dangote plans to expand his refinery’s capacity to 1.45 million barrels per day, surpassing India’s Reliance refineryNigeria’s refinery output reduces reliance on fuel imports by nearly 25% in West Africa during the second quarterDangote aims to reshape African fuel trade with new refineries planned in Kenya and significant storage in Namibia

Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.

Africa’s richest man, Aliko Dangote, is preparing another ambitious expansion of the Dangote Petroleum Refinery that could transform it into the largest refining complex in the world, marking a major milestone for Nigeria’s oil and gas industry.

The proposed expansion would lift the refinery’s processing capacity to an unprecedented 1.45 million barrels per day (bpd), overtaking the world-leading Reliance Jamnagar Refinery in India if completed.

Aliko Dangote aims to dethrone the world’s largest refinery with a new expansion plan. Credit: Bloomberg/Contributor
Source: Getty Images

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