Dangote Refinery to Become World's Largest in 3 Years, Plans IPO in 2026

Dangote Refinery, led by Africa's richest man Aliko Dangote, is set to expand its capacity to 1.4 million barrels per day, making it the world's largest refinery in three years. The project includes building tank farms in Namibia to serve neighboring countries.

Dangote Group plans an IPO in 2026 to fund the refinery's operations and aims to list on the Nigerian Exchange. The expansion is expected to create jobs, reduce import dependence, and boost energy security.