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Dangote Plans Expansion to Rival World’s Biggest Refinery - BLOOMBERG

OCTOBER 26, 2025

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Nigerian billionaire Aliko Dangote plans to more than double the capacity of his oil refinery, creating a facility that will be among the largest in the world.

Dangote will expand the refinery’s capacity to 1.4 million barrels a day from 650,000 barrels a day, he said at a briefing in Lagos on Sunday. The expansion is a reflection of his confidence in the Nigerian economy as well as a response to rising regional demand, the refinery’s billionaire owner said, adding that he has signed a deal with the technology licensee for the plant to start the project.

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