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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 investment is over US$19 billion. [2]
The Oil & Gas Journal publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery. For some countries, the refinery list is further categorized state-by-state.
The Dangote Group is a Nigerian multinational industrial conglomerate, founded by Aliko Dangote. [2] It is the largest conglomerate in West Africa and one of the largest on the African continent. The group employs more than 30,000 people, generating revenue in excess of US$ 4.1 billion in 2017.
Gas prices are expected to rise this summer by about $0.10 per gallon amid falling refinery capacity and higher refining costs, according to government data. "US retail gasoline prices will ...
Nigeria's total petroleum refining capacity currently is 450,000 barrels (72,000 m 3) per day, [28] however, only 240,000 barrels (38,000 m 3) per day was allotted during the 1990s. Subsequently, crude oil production for refineries was reduced further to as little as 75,000 barrels (11,900 m 3 ) per day, during the regime of Sanni Abacha . [ 29 ]
The decision by Phillips 66 this week to shutter its refinery in Wilmington next year will wipe out more than 8% of the state's crude oil processing capacity. Another refinery shuts down in ...
Gas prices have spiked in and around Chicago after a tornado sidelined a major ExxonMobil oil refinery last week. A gallon of gas in Chicago is now selling for an average of $4.34 , according to AAA.
Located in Alesa Eleme just to the southeast of Port Harcourt, the company operates two oil refineries, including an old plant commissioned in 1965 that can process 60,000 barrels (9,500 m 3) per stream day, as well as the new plant commissioned in 1989, which has a capacity of 150,000 barrels (24,000 m 3) per stream day.