Dangote Petroleum Refinery in Lagos, Nigeria, said Chinese engineering, procurement and construction contractors helped bring its eight-year journey from construction to production to a close at the $20 billion plant, described as Africa’s biggest oil refinery. [1]
Aliko Dangote said the refinery’s progress depended on cost-efficient Chinese partners and on access to Chinese credit lines. Speaking at an Africa Finance Corporation conference in Nairobi in April, he said: "The case between Africa and China is like where everybody abandoned you and somebody tells you, ‘Fine, you know what, let us partner with you’" and added, "We will get credit lines from China and deliver on time." [1]
The refinery now plans to raise capacity to 1.4 million barrels per day. [1] In February, it signed a $400 million deal with China’s XCMG Construction Machinery to start the expansion, according to the facts provided. [1]
Nigeria has turned into a net exporter of refined petroleum products amid an energy shock linked to tensions in the Middle East, the facts said. [1] The refinery’s expansion plan comes as the country seeks to deepen domestic refining after years of fuel imports. [1]
