Dangote Refinery has expanded from 650,000bpd to 1.4mbpd, making it the largest in the world, according to its President, Alhaji Aliko Dangote.
Speaking at a press conference in lagos on Sunday, Dangore said it had surpassed India’s Jamnagar Refinery.
Also at the press conference was businessman, Mr. Femi Otedola.
Titled, ’15 Talking Points: Dangote Refinery Expansion Press Conference,’ his speech reads: “1. Historic Expansion:
Dangote Petroleum Refinery is expanding its capacity from 650,000 barrels per day to 1.4 million barrels per day, making it the largest refinery in the world, surpassing India’s Jamnagar Refinery.
2. Government Support:
Aliko Dangote expressed deep appreciation to President Bola Ahmed Tinubu and the Federal Government for policies such as Nigeria’s First, Naira-for-Crude, and One-Stop Shop which have strengthened industrialisation.
3. Policy Impact:
These policies are driving a revolution in Nigeria’s downstream sector, promoting domestic refining and export of finished petroleum products.
4. Crisis Resolution:
The Federal Government played a key role in mediating recent refinery disruptions caused by union activities and sabotage attempts.
5. Vision Alignment:
The expansion aligns with President Tinubu’s vision for Nigeria to emerge as a major global supplier of petroleum products.
6. Economic Benefits:
The project will save billions in foreign exchange, reduce import dependence, and bolster Nigeria’s energy security.
7. Job Creation:
The expansion phase will create 65,000 jobs during construction and open vast opportunities for local industries.
8. Africa’s Capability:
The move underscores Africa’s ability to build and manage world-class infrastructure and reinforces regional self-sufficiency.
9. Petrochemical Growth:
Polypropylene production will increase from 900,000 metric tonnes to 2.4 million metric tonnes per annum, further enriching the production of linear alkylbenzene a key ingredient for the production of detergent, and additional production of base oils
10. Environmental Standards:
The refinery will upgrade to Euro VI fuel standards, achieving top-tier global environmental benchmarks.
11. Energy Self-Sufficiency:
Expansion includes power generation capacity growth, ensuring complete operational self-reliance.
12. Local Content Commitment:
Over 85% of the workforce will be Nigerian, with major investment in skills and technology transfer.
13. Future Ownership Plan:
Within one year, 10% of Dangote Refinery & Petrochemical shares will be listed on the Nigerian Stock Exchange, promoting broad ownership and transparency.
14. Product Availability Assurance:
Dangote assured Nigerians of steady fuel supply during the ember months, despite global oil price spikes — ensuring a festive season free from fuel queues and price hikes.
15. Continental Vision:
Dangote called on holders of the other 30 refinery licenses to join the mission of making Nigeria the refining hub of Africa, stating:
“When Africa builds its own capacity, it builds its own destiny.”
