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Home » Dangote Plans $46bn African Expansion, Eyes 2.1 Million Bpd Refining Network
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Dangote Plans $46bn African Expansion, Eyes 2.1 Million Bpd Refining Network

AdminBy Admin07/01/2026No Comments3 Mins Read
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The Dangote Group has announced an ambitious expansion strategy that will see its refining capacity across Africa rise to 2.1 million barrels per day (bpd), backed by a planned investment of $46 billion between 2026 and 2028.

The investment, which will span the group’s refining, cement and fertiliser operations, is aimed at accelerating industrial development and strengthening Africa’s energy independence through large-scale infrastructure projects.

The announcement came as the Republic of the Congo’s national oil company, the Société Nationale des Pétroles du Congo (SNPC), opened discussions with Dangote Petroleum Refinery & Petrochemicals on a strategic partnership to improve the supply of refined petroleum products and deepen regional energy cooperation.

Under the expansion blueprint, Dangote plans to increase Nigeria’s refining capacity to 1.4 million barrels per day while developing a new 700,000-barrel-per-day refinery in Kenya to serve the growing East African market.

Leading a Congolese delegation on a tour of the Lagos-based refinery, SNPC Managing Director Maixent Raoul Ominga described the facility as one of Africa’s most significant industrial achievements and expressed interest in establishing a long-term partnership with the Dangote Group.

According to a statement issued by the company, Ominga said the discussions focused on opportunities in petroleum refining, supply of refined products, energy security, industrial development and technical knowledge exchange.

“We have visited this remarkable refinery, which represents a major industrial achievement for Africa. The Republic of the Congo has refining capacity and we are keen to explore strategic cooperation that will help strengthen the supply of refined petroleum products while creating value for both organisations,” he said.

Ominga also commended Dangote Group’s investments in the Republic of the Congo, particularly in the cement industry, noting that they have boosted local manufacturing capacity, expanded production and improved access to construction materials.

President and Chief Executive of Dangote Industries Limited, Aliko Dangote, reiterated the company’s commitment to promoting industrialisation across the African continent through investment, regional collaboration and value addition.

“We are for Africa, not just Nigeria. Tell us what you need, and we will see how we can work together,” Dangote said during the meeting.

He noted that the Dangote Refinery has established a new benchmark for fuel quality in Africa by producing petroleum products that meet international standards, while reducing the continent’s dependence on imported refined fuels.

Speaking during the engagement, Dangote Industries Group Vice President for Oil and Gas, Devakumar Edwin, unveiled the company’s long-term growth roadmap, confirming plans to expand refining capacity to 2.1 million barrels per day through projects in Nigeria and Kenya.

Edwin also disclosed that the company intends to inject an additional $46 billion into its refining, cement and fertiliser businesses between 2026 and 2028 to support Africa’s industrial transformation agenda.

The proposed collaboration between SNPC and Dangote Industries is expected to strengthen regional energy integration, enhance petroleum product supply across Central Africa, promote intra-African trade and improve the continent’s energy security.

The meeting was attended by several senior officials, including Group Executive Director (Commercial, Oil and Gas) Fatima Aliko Dangote, Adviser to the President of the Republic of the Congo Peggy Ndongo, and advisers to the SNPC Managing Director, Aymar Ebiou and Norbert Mabiala.

 

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