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Dangote’s Next Move Could Create the World’s Largest Refinery

Dangote said the project would add a new crude distillation unit and expand storage across Africa as exports to Europe hit record levels.

Summary by Oil Price
Dangote’s 700,000 b/d Lekki refinery has been running at full capacity over the past two months, pushing product exports to Europe to record levels and overtaking traditional suppliers from the Gulf and the US. Its rise has already reshaped the West African fuel trade: imports of clean products from outside the region fell by almost 25% year-on-year in the second quarter. Yet Dangote is treating this only as a starting point. The group plans to …

4 Articles

The Nigerian group Dangote Industries has selected Lamu, on the Kenyan coast, to host its future oil mega-refinery in East Africa. The announcement was made this Tuesday, July 7, 2026 by Edwin Devakumar, vice-president of oil and gas within the group. The project foresees a refining capacity of 700,000 barrels per day, for an estimated construction period of 30 months. This choice puts an end to speculations on the site, while Tanzania and the K…

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Financial Afrik broke the news on Wednesday, July 8, 2026.
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