The Dangote Refinery has announced plans to expand its capacity from 650,000 barrels per day (bpd) to 1.4 million bpd.
Alhaji Aliko Dangote, President of the Dangote Group, made this announcement during a press briefing in Lagos State.
“We are expanding the Dangote Petroleum Refinery from 650,000 barrels per day to 1.4 million barrels per day,” Dangote stated. “Upon completion, this will make it the largest refinery in the world, surpassing the Jamnagar Refinery in India.”
The expansion project is projected to create 65,000 jobs, with 85% of the workforce expected to be Nigerian. Additionally, the refinery’s power generation capacity will increase from 500 MW to 1,000 MW, and it will produce Euro 6 standard fuels, meeting global environmental benchmarks.
Dangote also revealed plans to list the refinery on the Nigerian Stock Exchange in 2026, providing Nigerians with the opportunity to become shareholders. He expressed gratitude to President Bola Tinubu for his support, stating, “The expansion is expected to be completed in three years.”
This ambitious project aims to redefine Africa’s energy landscape, reduce Nigeria’s reliance on imported refined products, and position the country as a regional energy hub.
Located in the Lekki Free Zone, Lagos, the Dangote Refinery represents a $20 billion investment intended to meet Nigeria’s fuel demands while exporting surplus products to neighboring countries.
Having commenced operations in 2024, the refinery has already begun supplying both local and international markets with its products. The company emphasized that the expansion project underscores Nigeria’s commitment to industrialization and energy self-sufficiency.
Once completed, the expansion will enable the refinery to surpass India’s Jamnagar Refinery, currently the world’s largest.
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