Dangote Readies $10 Billion Nigerian Oil Refinery for 2020
- Nigeria refinery to produce gasoline, diesel, aviation fuel
- Dangote says in talks with Vitol, Shell about crude supplies
Aliko Dangote
Photographer: Jason Alden/BloombergThis article is for subscribers only.
Africa’s richest man, Aliko Dangote, plans to start selling gasoline, diesel and aviation fuel by early 2020 from an oil refinery he’s building near Lagos, Nigeria’s commercial capital.
The $10 billion refinery, set to be one of the world’s largest and process 650,000 barrels of crude a day, should be near full capacity by mid-2020, Edwin Devakumar, group executive director at Dangote Industries Ltd., said in an interview at the coastal site, about an hour’s drive east of Lagos.