The refinery, Africa’s largest, said on Thursday (June 4) the achievement was confirmed during a performance test conducted by its process licensors, marking a milestone for the facility, which is also the world's largest single-train refinery.
Anthony Chiejina, head of corporate communications at Dangote Petroleum Refinery, said in a statement cied by state news agency NAN that the higher throughput demonstrated the strength of the refinery's engineering design and operational efficiency.
Speaking on the development, Devakumar Edwin, vice president for oil and gas at parent company Dangote Industries, confirmed plans to expand processing capacity to 1.4mn bpd within the next 30 months. This is part of a broader $40bn industrial expansion by the parent company spanning refining, fertiliser production and associated industries.
"The objective is to position the refinery among the largest refining complexes in the world," Edwin said is quoted as saying, adding that the expansion would enhance Nigeria's energy security, reduce dependence on imported fuels and strengthen the country’s role as an exporter of refined petroleum products. The plant this spring sharply increased exports across Africa after reaching full capacity, including cargoes to Tanzania, Ghana, Cameroon and Togo.
Owned by Nigerian businessman Aliko Dangote, the refinery commenced fuel production in 2024 and has steadily increased output of petrol, diesel, jet fuel and other petroleum products. The facility currently supplies the domestic market and exports refined products across Africa and to international destinations including the United Kingdom, France, Spain, Italy and the Netherlands.
Edwin said the Nigeria refinery has also supplied gasoline cargoes to the United States and jet fuel to Saudi Arabia, helping establish its presence in international fuel markets.
According to Dangote, the rising production has also attracted growing interest from international crude suppliers and commodity traders, with feedstock sourced from both domestic and foreign producers.
The refinery's petrochemicals operations are also expected to support downstream manufacturing through supplies of liquefied petroleum gas (LPG), polypropylene and other industrial feedstocks. Future plans include production of linear alkylbenzene (LAB), a key raw material used in detergent manufacturing.
Dangote Petroleum Refinery and Petrochemicals FZE, owner of the refinery in Lagos, plans to list shares in the third quarter of 2026 at a valuation of between $40bn and $50bn, with the company proposing to sell a 5%-10% stake in the business. The company is considering a multi-exchange structure that would include the Nigerian Exchange (NGX) and other African bourses.
Meanwhile, founder Aliko Dangote has said he is considering Kenya as the preferred location for a proposed 650,000 bpd refinery in East Africa, shifting focus away from an earlier plan centred on Tanzania.
He said the potential East African refinery would process crude from Uganda and other international suppliers, reducing regional dependence on imported refined petroleum products, adding that crude could be delivered by sea rather than relying solely on the planned East African Crude Oil Pipeline (EACOP) linking Ugandan oilfields to Tanzania’s port of Tanga.
That planned 1,443-km export pipeline being developed by a consortium including TotalEnergies (EPA: TTE), China National Offshore Oil Corporation (CNOOC) and the governments of Uganda and Tanzania. It is designed to transport crude from Uganda’s Lake Albert oilfields to Tanzania’s port of Tanga for export.
No comments:
Post a Comment