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Oil refinery in Lagos, Nigeria
Dangote Refinery is owned by the Dangote Group and located in Lekki, Nigeria. The refinery was officially commissioned on May 22, 2023 and began operations in January 2024, processing crude into products like diesel and aviation fuel. The production of Premium Motor Spirit (PMS), began in September 2024. Originally intended to have a refining capacity of about 650,000 barrels of crude oil per day at full operation, the refinery is the largest single-train refinery in the world with initial investments in excess of $19 billion.
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Dangote Petroleum Refinery is offering nearly 20% of its massive IPO to East African investors, potentially raising to $300
Uganda has joined Kenya in allowing eligible investors to participate in Dangote Petroleum Refinery’s $1.6 billion initial public offering (IPO), expanding access to the Nigerian refinery’s landmark share sale across East Africa.
Dangote Petroleum Refinery is extending its initial public offering IPO to include investors across East Africa This strategic move follows recent approvals from the Capital Markets Authority in