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Dangote Refinery Hits $39 Billion Valuation as Investors Rush $1 Billion Share Offer

Dangote Petroleum Refinery has secured a valuation of $39.1 billion as it moves to attract fresh investment through a private placement that is already generating strong interest f...

Dangote Refinery Raises Capacity to 700,000 Bpd, Boosts Africa’s Energy Outlook

• Aliko reiterates plan to transform plant into world’s largest refinery by 2028   •Edwin: It reflects deliberate move towards continental, global refining dominance Emmanuel Addeh...

Dangote refinery hits 700,000 bpd

Nigeria’s Dangote Refinery has reached a major milestone, processing 700,000 barrels of crude oil per day during performance testing, surpassing its official 650,000 barrel capacit...

Dangote Refinery attracts billions of dollars in investment interest ahead of IPO – President

Aliko Dangote, president of Dangote Group, has said his refinery has attracted a swooping billion dollars in investment interest ahead of its planned Initial Public Offering in Sep...

Dangote’s Next Move Could Create the World’s Largest Refinery

Dangote Selects Kenya for Massive 700,000-Barrel Oil Refinery Project

A major energy project linked to Africa’s richest businessman has finally found its destination after months of speculation.

Dangote Refinery targets $1 Billion fundraising

Nigeria’s Dangote Petroleum Refinery is taking a major step toward becoming a publicly traded company. The refinery is seeking to raise around one billion dollars through a private...

BREAKING: Dangote Refinery Slashes Petrol Price Amid Falling Global Oil Prices

Dangote Refinery has slashed petrol price amid falling global oil prices.   NewsOnline Nigeria reports that Dangote Petroleum Refinery has announced a reduction in the gantry price...

Nigeria's Dangote refinery imports first crude oil from UAE

Nigeria’s Dangote Petroleum Refinery has imported two cargoes of crude oil from the United Arab Emirates this month, marking its first ever purchase from a Middle Eastern supplier,...

Dangote Refinery ends Nigeria’s era of fuel import dependence, boosts GDP, FX earnings — EIU

The operational ramp up of the 650,000 barrels per day Dangote Petroleum Refinery & Petrochemicals is fundamentally reshaping Nigeria’s downstream oil sector, significantly red...

Dangote Refinery Eyes Global Aviation Fuel Dominance With Major Expansion Plan

With plans to significantly increase its refining capacity over the next few years, Nigeria’s Dangote Refinery is positioning itself as a more powerful player in the global aviatio...

Dangote refinery raises processing capacity to 700,000 barrels per day

Dangote Petroleum Refinery has increased its crude processing capacity to 700,000 barrels per day following a performance test by process licensors, surpassing its nameplate capaci...

Dangote Refinery Emerges World’s Biggest Jet Fuel Exporter, Set to Spend $10bn on Expansion

Emmanuel Addeh in Abuja The Dangote Petroleum Refinery emerged as the world’s largest single exporter of aviation fuel in April, with the company set to spend a fresh $10 billion

Dangote plans to fund new Kenya refinery through IPO, bonds

The project's cost increased over the years due to factors such as relocation of the site, engineering challenges, the depreciation of the naira, disruptions caused by the COVID-19...

Dangote Reveals New Plans for East Africa Oil Refinery in Kenya

The announcement also comes as Kenya prepares to start commercial oil production from the South Lokichar Basin in Turkana County by the end of December 2026.

Dangote eyes new refinery project across East Africa after Uganda talks

Ugandan President Yoweri Museveni has confirmed that he recently met Nigerian billionaire industrialist Aliko Dangote to discuss plans for a major oil refinery in East Africa.

FG Pledges Support for Dangote Refinery, Lauds Contributions to Nigeria

• Grants Shell enhanced tax credit for $20bn Aparo deepwater project  • Oil giant awards $518m contracts to Nigerian firms,  boosts local content   • Engages 123 indigenous compani...

Dangote-backed mega oil refinery to be built in Kenya

A 700,000-bpd east African oil refinery proposed by Africa's richest man, Aliko Dangote, will be built in Kenya, a senior company official said Tuesday, putting a lid on speculatio...

Dangote Refinery reduces petrol and diesel prices

The Dangote Petroleum Refinery and Petrochemicals has announced fresh reductions in the prices of Premium Motor Spirit (PMS

Dangote Refinery Slashes Petrol Price Again as Crude Oil Prices Fall, Cuts Ex-Depot Rate to ₦1,125 Per Litre

Dangote Refinery has slashed petrol price again as crude oil prices fall and cut ex-depot rate to ₦1,125 per litre.   NewsOnline Nigeria reports that the Dangote Petroleum Refin...

Dangote’s Kenya Refinery to Refine 700,000 Barrels Daily

Dangote Industries Limited says the East African oil refinery it plans to build in Kenya will process 700,000 barrels of oil per day. The company views the project as a major move...

David Ndii Reveals New Details on Dangote Oil Refinery

Recently, the government confirmed preparations for the project’s launch are at advanced stages, with a groundbreaking date already set.

Dangote Refinery Exports N757bn Worth of Jet Fuel to Europe in June, Surpasses US Shipments

Dangote Refinery exported N757bn worth of Jet Fuel to Europe in June, surpassing US shipments.   NewsOnline Nigeria reports that Dangote Petroleum Refinery exported about 466,000 m...

Dangote Adds Town to List of Potential Sites for East Africa Oil Refinery

Deliberations continue over the ideal site for the planned replication of the billionaire’s 650,000-barrel-a-day refinery in Nigeria.