{"id":6599,"date":"2025-11-04T15:35:46","date_gmt":"2025-11-04T15:35:46","guid":{"rendered":"https:\/\/7oceansoilandgas.com\/?page_id=6599"},"modified":"2025-11-04T15:42:23","modified_gmt":"2025-11-04T15:42:23","slug":"nigerian-billionaire-plans-expansion-of-africas-biggest-oil-refinery-by-dyepkazah-shibayan","status":"publish","type":"page","link":"https:\/\/7oceansoilandgas.com\/?page_id=6599","title":{"rendered":"Nigerian billionaire plans expansion of Africa\u2019s biggest oil refinery  \u2013 By Dyepkazah Shibayan"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"6599\" class=\"elementor elementor-6599\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3e95ee38 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"3e95ee38\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2c061307\" data-id=\"2c061307\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-250a5812 elementor-widget elementor-widget-text-editor\" data-id=\"250a5812\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">ABUJA, Nigeria (AP) \u2014 The billionaire owner of\u202f<\/span><a href=\"https:\/\/apnews.com\/article\/nigeria-oil-refinery-aliko-dangote-4bdbe8fa1b1abe6e927271a2948b7011\"><span data-contrast=\"none\">Africa\u2019s largest refinery<\/span><\/a><span data-contrast=\"auto\">\u202fplans to expand its capacity to 1.4 million barrels per day to meet growing fuel needs in the continent and beyond.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Aliko Dangote, who is Africa\u2019s richest person, said the Dangote refinery, in Nigeria\u2019s economic hub of Lagos, will more than double its current existing capacity of 650,000 barrels per day with the aid of external financing.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">\u201cWhen it is completed, this will be the largest refinery ever built at a single site, surpassing India\u2019s Jamnagar refinery,\u201d Dangote told reporters on Sunday, referring to the world\u2019s biggest refinery in India.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Nigeria is one of Africa\u2019s top oil producers but imports refined petroleum products for its own use. The nation\u2019s oil and natural gas sector has\u202fstruggled for many years, and most of its state-run refineries\u00a0operate\u00a0far below capacity because of the poor maintenance.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">The privately run Dangote refinery has helped with local and international demands since it started production in January 2024.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">The industrialist, however, said the expansion is needed to meet growing demands locally and abroad.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">The expansion reflects \u201cconfidence in Nigeria, in Africa, and in our capacity to shape our own energy future,\u201d he added.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">The planned expansion is a laudable move but not much is known yet\u00a0regarding\u00a0its timeline and available finances, said\u00a0Ikemesit\u00a0Effiong, partner at Lagos-based SBM Intelligence research firm.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">The $19 billion refinery took\u00a0nearly a\u00a0decade to complete.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>ABUJA, Nigeria (AP) \u2014 The billionaire owner of\u202fAfrica\u2019s largest refinery\u202fplans to expand its capacity to 1.4 million barrels per day to meet growing fuel needs in the continent and beyond.\u00a0 Aliko Dangote, who is Africa\u2019s richest person, said the Dangote refinery, in Nigeria\u2019s economic hub of Lagos, will more than double its current existing capacity [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-6599","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/7oceansoilandgas.com\/index.php?rest_route=\/wp\/v2\/pages\/6599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/7oceansoilandgas.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/7oceansoilandgas.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/7oceansoilandgas.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/7oceansoilandgas.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6599"}],"version-history":[{"count":4,"href":"https:\/\/7oceansoilandgas.com\/index.php?rest_route=\/wp\/v2\/pages\/6599\/revisions"}],"predecessor-version":[{"id":6621,"href":"https:\/\/7oceansoilandgas.com\/index.php?rest_route=\/wp\/v2\/pages\/6599\/revisions\/6621"}],"wp:attachment":[{"href":"https:\/\/7oceansoilandgas.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}