Aliko Dangote says the Dangote Petroleum Refinery and Petrochemicals is set to become the world’s largest refinery by 2028. He makes the pledge at a preliminary signing ceremony connected to the proposed initial public offering (IPO) of the 700,000 barrels per day refinery and associated petrochemicals.
Dangote frames the move as part of the group’s broader industrialisation and energy-security goals. He says the project began more than a decade ago after securing loan agreements backed by banks even before the refinery site was shown or the facility licence was obtained. He also links current and future expansion plans to investment across multiple African countries.
Other details include comments from David Bird, CEO of Dangote Refinery, who describes the plant as a merchant refinery serving Nigeria but also prioritising West African markets. Bird says it has developed trading capabilities and that its scale already places it among the largest globally. He adds that expansion is fully sponsored, engineered, and procured, with construction the key remaining phase.
Across the outlets provided, both reports highlight the same core claim: the refinery’s planned growth aims to reach the top position in global refining by 2028, announced during IPO-related ceremonies.
