Africa’s Richest Man’s Oil Refinery Reaches 85% Capacity, Aims For Full Production In 30 Days

Published 2 days ago
Nigeria’s $21 Billion Dangote Mega Oil Refinery Opening
Aliko Dangote, billionaire and chief executive officer of Dangote Group, during the commissioning ceremony of the Dangote Industries Ltd. oil refinery and fertilizer plant site in the Ibeju Lekki district of Lagos, Nigeria, on Monday, May 22, 2023. Aliko Dangote, Africa's richest person, announced the opening of a mega refinery in Nigeria seven years late to a backdrop of skepticism about how fast it will really be able to ramp up. (Photographer: Benson Ibeabuchi/Bloomberg via Getty Images)

Excavation works initiated in 2016 led to the creation of the world’s largest single-train petroleum facility, capable of refining 650,000 barrels of crude per day, in Nigeria’s commercial capital Lagos.

“We can go 100% in 30 days.” – Devakumar Edwin

The Dangote Refinery, owned by Africa’s richest man, Aliko Dangote, is set to hit full capacity in 30 days, according to the refinery’s head.

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Devakumar Edwin, Vice President of Dangote Industries Limited, responsible for the oil and gas business, reportedly confirmed the refinery was currently operating at 85% capacity and “we can go 100% in 30 days”.

This development comes on the heels of the refinery’s shipment of two cargoes of jet fuel to Saudi Aramco.

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The Dangote Petroleum Refinery, described as Africa’s largest oil refinery, began production in January 2024.

At full capacity, the $20 billion facility aims to produce 327,000 barrels per day of gasoline, 244,000 barrels per day of gasoil/diesel, 56,000 barrels per day of jet fuel/kerosene, and 290,000 metric tons per year of liquefied petroleum gas (LPG).

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