The Dangote Petroleum Refinery has announced ambitious plans to expand its processing capacity from 650,000 barrels per day (bpd) to 1.4 million bpd. Once completed, the facility will overtake India’s Jamnagar to become the largest refinery in the world.
Alhaji Aliko Dangote, President of the Dangote Group, made the announcement during a media briefing in Lagos on Sunday.
He said, “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.”
Construction work on the expansion is to begin immediately.
Dangote revealed that the project will create approximately 65,000 jobs, of which 85 per cent will be filled by Nigerians.
He also disclosed that the refinery’s power-generation capacity will be doubled from 500 megawatts to 1,000 megawatts.
Production standards are to be upgraded from Euro V to Euro VI, aligning the refinery with the highest global environmental benchmarks.
Furthermore, polypropylene production is slated to increase substantially from 900,000 metric tonnes annually to 2.4 million.
Dangote added that the expansion will also increase output of linear alkylbenzene—a critical input for detergents—and allow additional production of base oils.
On governance and finance, he announced plans to list the refinery on the Nigerian Stock Exchange (NGX) in 2026. This, he said, will allow Nigerians to become shareholders in the multibillion-dollar facility.
He expressed gratitude to President Bola Tinubu for his support, noting that the expansion is expected to be completed within three years.
In related energy-sector news, the landing cost of imported Premium Motor Spirit (petrol) has fallen marginally.
According to the Major Energies Marketers Association of Nigeria (MEMAN), the cost declined from ₦849.61 per litre (on 13 October) to ₦839.97 per litre (on 21 October).
However, despite this dip, consumers have yet to see reduced pump prices. Fuel stations continue to sell petrol at around ₦915 or higher.
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