Dangote Refinery Commences Production in Nigeria

Africa's Largest Oil Refinery Now Operational

Key Facts:

• The Dangote Refinery is the largest single-train refinery in the world.
• It has a capacity of 650,000 barrels per day.
• The refinery is worth approximately $20 billion.
• It is owned by the Dangote Group, a Nigerian conglomerate led by Africa's richest man, Aliko Dangote.

After years of anticipation, Africa's largest oil refinery has officially begun production in Nigeria. The Dangote Petroleum Refinery, located in Lekki, near Lagos, was inaugurated on May 22, 2023, and has an initial capacity of 650,000 barrels per day.

The refinery, which cost around $19 billion to construct, is expected to transform Nigeria's oil and gas industry. It is expected to meet Nigeria's domestic fuel demand, reducing the country's reliance on imported refined products.

The Dangote Refinery is a significant achievement for Nigeria and the African continent. It is a testament to the growing economic power of Africa and the potential of the region's energy sector.