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Dangote Petroleum Refinery and Petrochemicals FZE

Sector: Oil and Gas • Location: Lekki, Nigeria

Source: Face2Face Africa

Project
Planned

The Dangote Petroleum Refinery and Petrochemicals FZE is the largest single-train refinery on the planet, processing 650,000 barrels of crude oil per day. Located in Lekki, Nigeria, it supplies over 62 percent of Nigeria's domestic petrol demand and exports refined products to several countries. The refinery is preparing for an initial public offering (IPO) on the Nigerian Exchange, expected to be

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The project “Dangote Petroleum Refinery and Petrochemicals FZE” is an infrastructure initiative in the Oil and Gas sector, located in Lekki, Nigeria. Taiyo aggregates data on it from Face2Face Africa.

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Participants

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Status

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planned

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Description

Description

The Dangote Petroleum Refinery and Petrochemicals FZE is the largest single-train refinery on the planet, processing 650,000 barrels of crude oil per day. Located in Lekki, Nigeria, it supplies over 62 percent of Nigeria's domestic petrol demand and exports refined products to several countries. The refinery is preparing for an initial public offering (IPO) on the Nigerian Exchange, expected to be the largest in African capital market history, with a valuation between $40 and $50 billion. Approximately 10% of the refinery's equity will be available to retail investors, institutional funds, and diaspora Africans. The IPO subscription window targets August 2026, with plans for cross-listing on the Nairobi Securities Exchange and potentially the Johannesburg Stock Exchange.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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