Dangote Refinery to double capacity to 1.4mn bpd by 2029, plans Africa's largest IPO

Dangote Petroleum Refinery announced a $14.3bn expansion to double processing capacity to 1.4mn bpd by 2029, alongside an IPO expected to be Africa's largest ever. This signals a major scale-up in Nigeria's downstream capacity, potentially altering regional fuel supply dynamics and reducing import dependence. The timeline and financing details remain uncertain, but the scale of investment underscores a strategic shift in West African energy infrastructure.