The Dangote Petroleum Refinery is planning on making the refinery one of the largest in the world by expanding its capacity from 650,000 barrels per day (bpd) to 1.4 million bpd.
Speaking at a press briefing on Sunday, President of the Dangote Group, Alhaji Aliko Dangote, said on completion, the expansion work would commence immediately and would position the refinery ahead of India’s Jamnagar Refinery, currently the world’s largest.
“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.
Dangote explained that the expansion project, which is intended to be completed in three years would have its power generation at the facility increased from 500 megawatts to 1,000 megawatts in addition to creating about 65,000 jobs, 85 per cent of which would go to Nigerians.
According to the African’s No 1 business mogul, he explained that the refinery would upgrade its production to Euro VI fuel standards, aligning with the highest global environmental benchmarks.
“With this expansion, the refinery transitions from producing Euro V to Euro VI fuel standards, meeting the highest global environmental benchmarks,” he stated.
He said plans to list the refinery on the Nigerian Stock Exchange in 2026 were underway, adding that it would afford Nigerians an opportunity to become shareholders, and thanked President Bola Tinubu for his continuous support of the refinery project.
With additional report from Van guard