Dangote Oil Refinery Achieves Full Capacity in Nigeria

Some of the largest units of the Dangote oil refinery in Nigeria have reached their nameplate capacity of 650,000 barrels a day following a yearlong ramp-up. Bloomberg posted on X, highlighting the significant milestone for the facility, which is one of the largest in Africa. The refinery's achievement marks a crucial step in Nigeria's efforts to boost its domestic oil production and reduce reliance on imports. This development is expected to have a positive impact on the country's economy, potentially increasing export revenues and enhancing energy security. The Dangote refinery's full operational capacity is anticipated to contribute significantly to the local and regional oil markets, providing a stable supply of refined products. As Nigeria continues to expand its oil infrastructure, the successful ramp-up of the Dangote refinery underscores the nation's commitment to strengthening its energy sector.