The Dangote Petroleum Refinery has revealed plans to increase its capacity from 650,000 barrels per day (bpd) to 1.4 million bpd, a development that will make it the largest refinery in the world upon completion.
President of the Dangote Group, Alhaji Aliko Dangote, made this known during a press briefing held in Lagos on Sunday.
He stated that the expansion project would begin immediately and would place the refinery ahead of India’s Jamnagar Refinery, which is 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 would generate about 65,000 jobs, with 85 per cent of them allocated to Nigerians.
He further noted that the refinery would upgrade its production to Euro VI fuel standards, in line with top global environmental requirements.
“With this expansion, the refinery transitions from producing Euro V to Euro VI fuel standards, meeting the highest global environmental benchmarks,” he stated.
Dangote also disclosed that the facility’s power generation would be increased from 500 megawatts to 1,000 megawatts as part of the upgrade.
In addition, he announced plans to list the refinery on the Nigerian Stock Exchange in 2026, enabling Nigerians to own shares in the company.
Dangote expressed gratitude to President Bola Tinubu for his continued support of the refinery initiative, stating that the expansion is expected to be concluded within three years.
“The expansion is expected to be completed in three years,” he said.
