Why Dangote wants to expand refinery by 700,000 bpd

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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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