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The Dangote Refinery is an oil refinery owned by Dangote Group that was inaugurated on 22 May 2023 [1] in Lekki, Nigeria. When fully operational, it is expected to have the capacity to process about 650,000 barrels of crude oil per day, making it the largest single-train refinery in the world.
The Dangote Group is a Nigerian multinational industrial conglomerate, founded by Aliko Dangote. [2] It is the largest conglomerate in West Africa and one of the largest on the African continent. The group employs more than 30,000 people, generating revenue in excess of US$ 4.1 billion in 2017.
The Dangote Refinery, expected to open during the fourth quarter of 2022 [30] will have a daily refining capacity of 650,000 barrels (103,000 m 3), increasing Nigeria's refining capacity to over 1,000,000 barrels (160,000 m 3) per day.
The Oil & Gas Journal publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery. For some countries, the refinery list is further categorized state-by-state.
From January 2008 to May 2009, if you bought shares in companies when Carl E. Mundy, Jr. joined the board, and sold them when he left, you would have a -38.9 percent return on your investment, compared to a -37.4 percent return from the S&P 500.
Aliko Dangote (10 April 1957) is a Nigerian businessman and philanthropist. Born in Kano to a wealthy Hausa family, he was educated in Kano, and was the great-grandson of Alhassan Dantata , the richest person in West Africa at the time of his death in 1955.
From January 2008 to May 2011, if you bought shares in companies when William J. Johnson joined the board, and sold them when he left, you would have a -47.9 percent return on your investment, compared to a -8.2 percent return from the S&P 500.
From January 2008 to October 2008, if you bought shares in companies when Richard Karl Goeltz joined the board, and sold them when she left, you would have a -75.7 percent return on your investment, compared to a -36.6 percent return from the S&P 500.