Skip to main content

Posts

Showing posts with the label Oil & Gas

Dangote Signs $400M XCMG Deal to Expand Lekki Refinery to 1.4 Million bpd

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...

Dangote Refinery Hits Full 650,000bpd Capacity, Sets Global Benchmark

W orld’s Largest Single-Train Refinery Achieves Historic Milestone, Boosting Nigeria’s Energy Security The Dangote Petroleum Refinery has announced that it has reached and is maintaining a production capacity of 650,000 barrels per day (bpd). This is seen as a historic milestone for Nigeria and for global refining operations. According to the refinery’s management, both the Crude Distillation Unit (CDU) and the Motor Spirit (MS) production section are now working at optimal levels after a scheduled maintenance period. Performance tests confirmed stability, efficiency, and durability at full capacity. Located in the Lekki Free Zone in Lagos State, the refinery is known as the largest single-train refinery in the world. With this achievement, Dangote Refinery claims it is the first facility of its kind globally to achieve and maintain a 650,000bpd output on a single train. This development is expected to greatly change Nigeria’s energy landscape. It will strengthen local refining capacit...