Dangote Seals $400M XCMG Deal to Double Lekki Refinery Capacity
Aliko Dangote has signed a $400 million equipment agreement with Chinese machinery maker XCMG to expand the Dangote Petroleum Refinery in Lekki, Lagos. The project will boost refining output from 650,000 to 1.4 million barrels per day over the next three years, putting it among the world’s largest single-site complexes and rivaling India’s Jamnagar facility. Since starting operations in 2024, the refinery has already supplied petrol, diesel and aviation fuel across Nigeria and exported to Africa, Europe, the US and Saudi Arabia, even processing 700,000 barrels per day in recent tests. The expansion aims to create jobs, reduce fuel imports and earn foreign exchange. Its success will depend on consistent crude supply, stable policy support and strong export demand.
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