The Dangote Petroleum Refinery is expanding its processing capacity from 650,000 barrels per day to 1.4 million barrels per day, positioning it as the largest refinery in the world—surpassing India’s Jamnagar Refinery.
The announcement was made during a press conference in Lagos, where the President and Chief Executive of Dangote Industries Limited, Alhaji Aliko Dangote, expressed appreciation to President Bola Ahmed Tinubu and the Federal Government for policies that have strengthened Nigeria’s industrial growth.
Dangote commended initiatives such as Nigeria’s First, Naira-for-Crude, and the One-Stop Shop policy, describing them as transformative steps driving self-sufficiency in petroleum refining and exports.
He revealed that the expansion aligns with President Tinubu’s vision of positioning Nigeria as a global petroleum product supplier, while also resolving recent disruptions caused by union activities and sabotage attempts through government intervention.
Read Also: Dangote Group to List 10% Stake of $20bn Refinery on Nigerian Exchange
According to Dangote, the refinery’s expansion will deliver far-reaching economic benefits — saving billions in foreign exchange, reducing dependence on fuel imports, and enhancing national energy security.
He noted that over 65,000 jobs will be created during the expansion phase, with more than 85 percent of the workforce being Nigerian, emphasizing the company’s commitment to local content and technology transfer.
Dangote added that the refinery will upgrade to Euro VI fuel standards to meet top-tier global environmental benchmarks and achieve full operational self-reliance through expanded power generation capacity.
In the petrochemical segment, polypropylene production will rise from 900,000 metric tonnes to 2.4 million metric tonnes annually, alongside expanded production of base oils and linear alkylbenzene — a key ingredient in detergent manufacturing.
The business mogul further disclosed that within one year, 10 percent of Dangote Refinery and Petrochemical shares will be listed on the Nigerian Stock Exchange to promote transparency and shared ownership.
He assured Nigerians of steady fuel supply throughout the ember months despite global oil price volatility, promising a festive season free from fuel queues and price hikes.
Dangote also called on other refinery license holders to join in building a self-reliant African energy market, declaring,
“When Africa builds its own capacity, it builds its own destiny.”
