Nigeria To Have World’s Largest Refinery As Dangote Plans To Increase Capacity

As part of efforts to make Nigeria the country with the largest petroleum refinery in the world, President of Dangote Group, Alhaji Aliko Dangote, has said that he would increase his refinery’s capacity to process 650,000 barrels per day, thus making it the single largest stream in the world.

According to the business mogul, the initial plan was for 450,000bpd refining capacity, he however had to go back to the drawing board to have a bigger plant because he believes that Nigeria as a leading producer of crude oil should also be credited with such local refining capacity.

Describing the current situation where Nigeria produces crude but buy refined products abroad as unacceptable, speaking through his  Group Executive Director, Devakumar Edwin, Dangote said that the refinery was ready to reverse the trend just as it has successfully done in other sectors like sugar and cement.

Edwin, who spoke while receiving on behalf of Dangote a group of oil and gas stakeholders who paid him a visit in Lagos at the weekend, also disclosed that the petrochemicals outfit which is being developed alongside the refinery, would also have its capacity increased from 750,000 to 3.6 million.

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