Dangote Refinery plans refining capacity increase to 1.4 millions barrels per day

The Dangote Refinery has said it plans to expand its crude oil refining capacity from 650,000 barrels per day to 1.4 million barrels per day.

This move will make the refinery the largest refinery in the world upon completion.

President of the Dangote Group, Alhaji Aliko Dangote, disclosed this on Sunday during a press briefing in Lagos, adding that the project would commence immediately.

“We are expanding the Dangote Petroleum Refinery from 650,000 barrels per day to 1.4 million barrels per day. Upon completion, this will make it the largest refinery in the world, surpassing the Jamnagar Refinery in India,” Dangote said.

He noted that the expansion would create about 65,000 jobs, with 85 per cent reserved for Nigerians, adding that it would help deepen local participation in the nation’s oil and gas value chain.

Dangote also revealed that the refinery would upgrade production to Euro VI fuel standards, aligning with the highest global environmental benchmarks.

He said, “With this expansion, the refinery transitions from producing Euro V to Euro VI fuel standards, meeting the highest global environmental benchmarks”.

The billionaire industrialist further announced that power generation at the facility would rise from 500 megawatts to 1,000 megawatts, ensuring the plant’s self-sufficiency and potential contribution to the national grid.

Dangote said plans were also underway to list the refinery on the Nigerian Exchange Limited (NGX) in 2026, giving Nigerians an opportunity to become shareholders in the multi billion dollar project.

He expressed gratitude to President Bola Tinubu for his continued support, saying the expansion reflected the administration’s encouragement of industrial growth and private sector innovation.

“The expansion is expected to be completed within three years,” Dangote added.