Nigeria : Dangote prend une importante décision concernant sa méga-raffinerie de pétrole
He needs no introduction. Aliko Dangote is undoubtedly the richest man in Africa and the richest black person in the world. He has built a veritable economic empire in Nigeria and throughout Africa, which includes various branches such as Dangote Cement, Dangote, Dangote Sugar Refinery and Dangote Petroleum Refinery. In a recent interview with S& P Global , the Nigerian billionaire announced that he will sell between 5 and 10% of the shares of his mega-oil refinery on the Nigerian Stock Exchange (NGX) in 2026.
Seeking Middle Eastern Investors
"We do not want to keep more than 65 to 70% (of our stake)," said the industrialist, adding that the refinery's shares would be offered gradually, depending on investor demand and market conditions.
The Kano native also revealed that his group is exploring strategic partnerships with Middle Eastern investors to finance the refinery's expansion and support a new petrochemical project in China.
Increase production to 1.4 million b/d in the long term
As a reminder, the Dangote mega-refinery has been operational since last year. It plans to increase its capacity from 650,000 barrels per day (b/d) to 700,000 b/d by December 2025. The long-term objective is to increase production to 1.4 million b/d. This would make this refinery the largest in the world in terms of production capacity.
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