Browsing Tag
Aliko Dangote
3 posts
Dangote breaks ground on $16bn Kenya refinery with 700,000-bpd capacity
Dangote Group has broken ground on a $16 billion, 700,000-bpd refinery in Lamu that could transform East Africa’s fuel supply and industrial landscape.
Dangote’s refinery is valued near $47bn before capacity doubles
Dangote Petroleum Refinery has regulatory approval to offer 4.1 billion shares at ₦525 each, potentially bringing in about ₦2.15 trillion while valuing the business near $47 billion. Yet the base IPO represents only about 3.3% of enlarged shares. Investors are therefore being asked to price a $20 billion refinery not just on its current 700,000 bpd capability, but on the plan to double capacity to 1.4 million bpd.
Can Nigeria flip from fuel importer to exporter? Dangote believes the moment is here
Discover how Dangote Industries’ refinery expansion to 1.4 million bpd could transform Africa’s fuel import equation and shake up the global refining map.