The Dangote Petroleum Refinery has announced plans to expand its refining capacity from 650,000 barrels per day (bpd) to 1.4 million bpd, positioning it as the largest refinery in the world upon completion.
President of Dangote Group, Alhaji Aliko Dangote, disclosed this during a press briefing in Lagos on Sunday. He said the expansion work would commence immediately and would place the facility ahead of India’s Jamnagar Refinery, which currently holds the record as 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.
According to him, the expansion project will create about 65,000 jobs, with 85 percent of the positions reserved for Nigerians. He also stated that the refinery would upgrade its output to Euro VI fuel standards, in line 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 noted.
Dangote further revealed that power generation at the facility will increase from 500 megawatts to 1,000 megawatts as part of the new project. He also announced plans to list the refinery on the Nigerian Stock Exchange by 2026, allowing Nigerians to become shareholders.
He expressed appreciation to President Bola Tinubu for his continuous support of the refinery project and confirmed that the expansion is expected to be completed within three years.
“The expansion is expected to be completed in three years,” he said.