Dangote launches Africa’s biggest oil refinery: The ways it will affect Nigeria
A general view of Dangote Petroleum Refinery in Lagos, Nigeria on May 22, 2023. It will be the largest single-train refinery in the world with 650,000 barrels per day refining capacity. PHOTO | PIUS UTOMI EKPEI | AFP
Nigeria’s new Dangote petroleum refinery is Africa’s biggest – it will produce 650,000 barrels a day, giving it the potential to address the country’s energy supply crisis.
Owned by Nigerian industrialist and Africa’s richest man, Aliko Dangote, the refinery is expected to boost domestic refining capacity, getting rid of the current consumption shortfall. It will also reduce import dependency and stimulate economic growth.
