Dangote Refinery Plans Nigeria Largest World's 1.4 Million BPD

Nigeria's Dangote Petrochemical and Refining Company plans to expand its refinery capacity from 650,000 to 1.4 million barrels per day, aiming to become the world's largest refinery, surpassing India's Jamnagar Refinery. This expansion will enable the refinery to produce Euro VI-standard fuels, aligning with the highest global environmental standards, and is expected to create 65,000 construction jobs while boosting polypropylene production significantly. Aliko Dangote emphasized the project as a demonstration of confidence in Nigeria's future, Africa's potential, and a step toward energy independence for the continent. The company credited President Bola Ahmed Tinubu and the Nigerian government for supportive policies and mediation in resolving recent disruptions linked to union activities and sabotage attempts. Despite challenges, including strikes related to labor disputes and concerns over monopoly power, the refinery has been a game changer for Nigeria by reducing reliance on fuel imports and lowering petrol prices. Dangote plans to list the refinery on the Nigerian Stock Exchange to promote broader ownership and market transparency.