Interest grows in Nigerian refining
The Dangote refinery development is raising hopes of a refinery sector revival
Nigerian refining has stalled in recent years, but with completion expected later this year on what will be Africa’s largest refinery, serious interest appears finally to be returning. The 650,000bl/d facility under development outside Lagos by local firm Dangote Group is set for mechanical completion in November ahead of commissioning in January 2022, and several companies have reportedly expressed interest in acquiring an equity stake and/or crude supply agreements 650,000bl/d – Dangote refinery capacity Such opportunities could be of significant interest to expansive Middle Eastern oil producers such as Saudi Aramco and the UAE’s Adnoc , which have a history of engaging in interna

Also in this section
16 June 2025
The launch of the much-needed yet oft-delayed Africa Energy Bank remains shrouded in questions and funding constraints, but its potential is clear
16 June 2025
BP and partners have reached a $2.9b FID on a new phase at Shah Deniz, but slow progress on other gas projects is attributed to a lack of European support
13 June 2025
The two oil heavyweights’ diverging fiscal considerations are straining unity within the group
13 June 2025
US policies may have lasting effects in sectors such as energy, that rely on predictable rules and long-term planning