A massive cargo ship loaded with containers at an African port, ready for shipping.
The Dangote Petroleum Refinery, Africa’s largest, has reached a significant milestone with its recent export of two jet fuel cargoes to Saudi Aramco, the largest oil company in the world. The development underscores the refinery’s rapid growth since its 2024 launch. It was revealed by Aliko Dangote, the President of the Dangote Group, during a recent visit by the Nigerian Economic Summit Group (NESG) to the refinery site in Ibeju Lekki, Lagos. Dangote also announced that the refinery’s output has already climbed to 550,000 barrels per day (bpd), with plans to expand to its full capacity of 650,000 bpd by mid-2025. The achievement marks a turning point for Nigeria, transforming the country from a net importer to a net exporter of refined petroleum products. NESG Chairman Niyi Yusuf lauded Dangote’s bold vision and stressed that domestic investments, like the refinery, are critical for achieving Nigeria’s $1 trillion economy target.
Source: Nairametrics