Ondo State Refinery Project
Sector: Power Generation (CCGT) • Location: Ondo State, Nigeria
Source: Energy Capital & Power
An international energy consortium secured $50 billion to build a 500,000-barrel-per-day refinery in Ondo State, Nigeria, with an accompanying free-trade zone. This project aims to make Nigeria a hub for refined petroleum products across West Africa, transforming the country from a net importer into a major exporter and regional anchor.
- Status
- Prospective
- Sector
- Power Generation (CCGT), Oil and Gas
- Location
- Ondo State, Nigeria
- Updated
- 22 Jul 2026
- Source
- Energy Capital & Power
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Project Information
Participants
| Not available for this record. |
Status
Original status | planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | An international energy consortium secured $50 billion to build a 500,000-barrel-per-day refinery in Ondo State, Nigeria, with an accompanying free-trade zone. This project aims to make Nigeria a hub for refined petroleum products across West Africa, transforming the country from a net importer into a major exporter and regional anchor. |
Original sector | Energy |
Budget |
Location
Country | Nigeria |
State | Ondo State |
Source
Source | Energy Capital & Power |
URL |
More Details
Record type | Project |
Sector | Power Generation (CCGT), Oil and Gas |
Article published date | 2025-12-19 |
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