The news, distilled into what matters.

Dangote Is Doubling Giant Oil Refinery and Plotting Trading Push

  • Aliko Dangote is adding a 700,000 b/d unit at his Lekki refinery, taking total capacity to about 1.4 million b/d — rivaling the world’s largest sites — with construction ramping up now and the new unit targeted by end‑2028.
  • The expansion bolsters Nigeria’s fuel independence, has already helped ease supply shocks (even supplying jet fuel to Europe), and opens major new export and trading opportunities.
  • Dangote is eyeing a replica in East Africa (Kenya has been mentioned), which could bring his total processing to roughly 2 million b/d and make him an even bigger global fuel player.
Read full article

Get the full experience in the app — topics, comments, and audio summaries.

Download on the App Store Download on the App Store