Industry News
Dangote Refinery Unveils $14.3bn Expansion Plan to Double Capacity by 2029
Dangote Refinery has announced a $14.3 billion expansion plan that will double its refining capacity from 700,000 barrels per day to 1.4 million barrels per day by 2029. The ambitious project comes as the refinery prepares for a major IPO expected to attract widespread investor interest. The expansion could further reduce Nigeria's dependence on imported petroleum products while strengthening the country's position as a major exporter of refined fuel and petrochemical products. With its growing role in Nigeria's energy sector, Dangote Refinery's next phase could reshape the country's refining industry and create new opportunities across Africa's energy and industrial markets.
