Dangote Group Signs $400M Deal for Refinery Expansion

The Dangote Group, led by Aliko Dangote, has entered into a $400 million agreement with XCMG Construction Machinery Co. Ltd., a leading Chinese manufacturer, to procure advanced construction equipment.

This move is intended to accelerate the expansion of the Dangote Petroleum Refinery, which has a current capacity of 650,000 barrels per day and aims to reach 1.4 million barrels per day, positioning it as the largest refinery in the world. The agreement will enable the Dangote Group to acquire a wide range of advanced construction equipment to support ongoing projects in refining, petrochemicals, agriculture, and large-scale infrastructure development.

The refinery expansion is expected to be completed within three years and will increase polypropylene production from 900,000 metric tons per annum to 2.4 million metric tons per annum. Additionally, urea production capacity in Nigeria will triple from 3 million to 9 million metric tons per annum, while Ethiopia will see an increase of 3 million metric tons per annum.

This strategic investment aims to enhance the group's construction footprint and support its ambition to build a $100 billion enterprise by 2030.