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
![](/images/white-fade.png)
Also in this section
26 July 2024
Oil majors play it safe amid unfavourable terms in latest oil and gas licensing bid rounds allowing Chinese low-ball moves
25 July 2024
Despite huge efforts by India’s government to accelerate crude production, India’s dependency shows no sign of easing
24 July 2024
Diesel and jet fuel supplies face a timebomb in just four years, and even gasoline may not be immune
23 July 2024
Rosneft’s Arctic megaproject is happening despite sanctions, a lack of foreign investment and OPEC+ restrictions. But it will take a long time for its colossal potential to be realised