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Dangote Petroleum Refinery & Petrochemicals IPO and Expansion

Sector: Oil and Gas • Location: Lagos, Nigeria

Source: Innovation Village

Project
Planned

Dangote Petroleum Refinery & Petrochemicals, located in the Lekki Free Zone in Lagos, Nigeria, is the world's largest single-train refinery with a refining capacity of 650,000 barrels per day. The project involves a planned public listing (IPO) targeting a valuation of up to $50 billion, with the company expected to sell up to a 10% stake on the Nigerian Exchange, potentially raising around $5 bil

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Project Information

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The project “Dangote Petroleum Refinery & Petrochemicals IPO and Expansion” is an infrastructure initiative in the Oil and Gas sector, located in Lagos, Nigeria. Taiyo aggregates data on it from Innovation Village.

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Participants

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Status

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planned

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Description

Description

Dangote Petroleum Refinery & Petrochemicals, located in the Lekki Free Zone in Lagos, Nigeria, is the world's largest single-train refinery with a refining capacity of 650,000 barrels per day. The project involves a planned public listing (IPO) targeting a valuation of up to $50 billion, with the company expected to sell up to a 10% stake on the Nigerian Exchange, potentially raising around $5 billion. Proceeds from the IPO could finance plans to expand the refinery's capacity to 1.4 million barrels per day, making it one of the largest refining complexes globally.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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