Dangote Petroleum Refinery and Petrochemicals FZE says it plans to seek a New York Stock Exchange listing after expanding its capacity by 2029, its billionaire founder said. The refinery’s expansion involves doubling capacity of the facility described as one of the world’s largest crude refining operations.
Moneyweb reports that the project includes raising financing in Nigeria of up to $1.6 billion to support the build-out. The outlet says the refinery aims to reach 1.4 million barrels per day by 2029. Bloomberg focuses on the intended New York listing tied to the post-expansion stage, while Moneyweb emphasizes the local funding plan and capacity targets that would enable the expansion timeline. Both accounts present the New York listing as conditional on the completion of the 2029 expansion and capacity increase.
