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Lagos Dangote Refinery: Africa’s Largest Oil Refinery Set to Open May 22

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Lagos Dangote Refinery Africa's Largest Oil Refinery Set to Open May 22

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The world’s largest single train refinery, the Dangote Refinery and Petrochemicals Limited, is set to open on May 22, 2023, in Lagos, Nigeria.

The $19 billion integrated refining facility, located on a 6,180-acre site at the Lekki Free Trade Zone, has a capacity of 650,000 barrels per day and is expected to create 150,000 direct and indirect jobs for Nigerians.

The Nigerian National Petroleum Company Limited owns a 20% stake in the refinery and has signed an agreement to supply crude oil for 20 years to Dangote Refinery.

The refinery’s opening is expected to make Nigeria self-sufficient in local refining of crude oil and save the scarce foreign exchange used in the importation of petroleum products.

President Muhammadu Buhari is expected to commission the project before leaving office in May 2023.

This article was updated 4 months ago

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