Dangote, XCMG Seal $400M Deal to Expand Lekki Refinery to 1.4 Million Barrels Per Day In a significant step that could change Africa’s energy landscape, the Dangote Group has signed a $400 million agreement with XCMG Machinery for construction equipment to speed up the expansion of its $20 billion Dangote Refinery. This deal aims to increase the refinery’s processing capacity from 650,000 barrels per day (bpd) to a remarkable 1.4 million bpd. This expansion would make it the largest single-site refinery in the world. Industry experts view this agreement as a crucial moment for Nigeria’s oil and gas sector, with lasting effects on fuel imports, currency stability, and regional export strength. Inside the $400 Million Dangote and XCMG Agreement The agreement gives Dangote access to a fleet of modern heavy-duty construction machinery to boost refinery expansion and related industrial projects. The equipment will help with: Upgrading refinery capacity Expanding the petrochemical plant Incr...
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