Dangote Bets $400 Million on Equipment to Triple Refinery Capacity, Eyeing World's Largest Title
In a major boost to Nigeria's industrial ambitions, the Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd., a leading Chinese manufacturer. The deal, announced this week, will provide the conglomerate with a wide range of advanced heavy-duty machinery. This equipment is set to complement existing assets and accelerate the ongoing expansion of the Dangote Petroleum Refinery & Petrochemicals complex in Lekki, Lagos. Currently operating at 650,000 barrels per day (bpd), the refinery — already Africa's largest and a key driver of Nigeria's push for fuel self-sufficiency — is targeted for expansion to 1.4 million bpd. Upon completion, the facility would surpass global giants like India's Jamnagar refinery to become the world's largest single-train refinery. Dangote Group stated that the new machinery will support intensified work on the refinery upgrade, alongside projects in petrochemicals, agricultu...