Dangote Announces Refinery Expansion
The President of Dangote Group, Aliko Dangote, has announced plans to expand the refinery capacity from 650,000 barrels per day to 1.4 million barrels over the next three years.
In a move that demonstrates confidence in Nigeria's potential, the Dangote Group will more than double its refinery operations, with plans to list on the Nigerian exchange next year.
The capacity of the existing 650,000 barrels per day refinery will be more than doubled to 1.4 million barrels per day.
This expansion is a significant development for Nigeria's energy narrative and underscores the country's leadership in shaping its own energy future.
Author's summary: Dangote Group expands refinery capacity.