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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 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.
Newsom's last-minute proposal, his office said, would allow his administration to require that petroleum refiners maintain a stable inventory in order to prevent fuel shortages and price spikes ...
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Dangote oil refinery The types of crude oil exported by Nigeria are Bonny light oil , Forcados crude oil , Qua Ibo crude oil and Brass River crude oil . [ 86 ] The U.S. remains Nigeria's largest buyer of crude oil, accounting for 40% of the country's total oil exports; Nigeria provides about 10% of overall U.S. oil imports and ranks as the ...
Aliko Dangote (born 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. Dangote is the founder of the Dangote Group.
Adenuga made his first million in 1979, at age 26, selling lace and distributing soft drinks. [11] In 1990, he received a drilling license and in 1991, his Consolidated Oil struck oil in the shallow waters of Southwestern Ondo State, making him the first indigenous oil company to do so in commercial quantity.