Close Menu

    Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    Channels TV’s Uzono, Monique D Vibe Co-host To Megastar Awards 2026

    October 7, 2026

    BBNaija Winner Temi Nkem Poses with N60m SUV, N90m Prize

    October 7, 2026

    Galatasarays, Kasimpasa Match On the Way, Osimhen Joins Training Ahead

    October 7, 2026
    Facebook X (Twitter) Instagram
    Megastar Magazine
    • Politics

      First Lady Remi Tinubu Asks For Support, Says Economy Is Stabilizing, Inflation Is Coming Down

      October 6, 2026

      Sowore Pays Visit to RCCG for Service on Sunday, Meets Adeboye

      October 5, 2026

      EIGHT DEFECTED LAWMAKERS WERE SUSPENDED LONG AGO FOR GROSS MISCONDUCT -ZAMFARA SPEAKER

      October 5, 2026

      INEC Prepares Means To Handle AI-Generated Fake News In 2027 Elections

      October 3, 2026

      2027 Election: INEC Opens Portal for 2027 Ad Hoc Staff Recruitment

      October 2, 2026
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Entertainment October 7, 2026

      Femi Adebayo Commissions Euphoria 360 Hub, Celebrates New Chapter of Business

      Recent

      Femi Adebayo Commissions Euphoria 360 Hub, Celebrates New Chapter of Business

      October 7, 2026

      Nollywood’s Faith-Based Agbara Nla Hits ₦170m Plus in Four Days

      October 5, 2026

      Nigeria @66: London Celebrated Nigeria’s Independence In Green-white-green

      October 4, 2026
    • Business

      2026 Access to Financial Services: Formal Credit Access Doubles to 10% 

      October 7, 2026

      ‘Coca-Cola System Generates $1bn Economic Value in Nigeria’

      October 2, 2026

      Fidelity Bank Headlines Beauty in The Motherland Showcase for 3rd Consecutive Year

      September 28, 2026

      Ogun, FG Commence N6bn Fund Disbursement to 3,855 Women Groups in 4 LG

      September 24, 2026

      SMEDAN And EFCC Strengthen Collaboration On Youth Empowerment, Cybersecurity

      September 17, 2026
    • Health

      WHO Presents New Guidance For Heat-related Illness At Mass Gatherings

      October 1, 2026

      ZAMFARA RELEASE OF FIRST BATCH OF SUCCESSFUL APPLICANTS NURSES & MIDWIVES RECRUITMENT

      September 17, 2026

      Pastor Adeboye Of RCCG Donates Three Dialysis Machines To UBTH

      September 3, 2026

      Lagos Presents Blood Donation Drive Through 10 LGAs

      August 27, 2026

      LAWMA Assures Residents of Plan to Evacuate Refuse Heaps in Lagos

      July 29, 2026
    • Culture

      FG Plans To Launch African Global Festival In October, Strengthens Culture, Economy

      September 25, 2026

      Awujale Stool: Ruling House Commits Trust In Leaders, Disapproves Removal

      August 13, 2026

      Osun-Osogbo 2026: Nigeria-Africa Celebrates Yoruba Historic Heritage

      August 7, 2026

      FCMB Reiterates Commitment for Ojude Oba as Key Driver of Heritage

      June 7, 2026

      Rite Foods Lightens Ojude Oba 2026, Refreshes Thousands

      June 2, 2026
    • Lifestyle

      Tinubu Congratulates Shettima on 60th Birthday, Calls him Patriot, Trusted Ally. 

      September 2, 2026

      Gov Dauda Lawal @ 61: A Functionalist In Power

      September 2, 2026

      Jay-Jay Okocha’s Daughter Unveils Wedding Picture In Spain

      August 31, 2026

      Oborevwori, Arigbodi Families Glorified God As Children’s Wedding Ends In Thanksgiving

      August 31, 2026

      Celebrating A Jolly Good Fellow—Happy Birthday, Regie, Mfr

      August 31, 2026
    • Sports

      Galatasarays, Kasimpasa Match On the Way, Osimhen Joins Training Ahead

      October 7, 2026

      Messi Scores One Goal And Two Assists As Argentina Defeat Benin 3-0 In His Final Bow

      October 7, 2026

      International Friendly: Super Eagles Hold Russia 3-3, Stage Stunning Fightback 

      October 7, 2026

      Busari Presents 21 Flamingos For Morocco FIFA U-17 Women’s World Cup

      October 6, 2026

      China Open Title: After De Minaur Retires, Djokovic Claims Seventh Title 

      October 6, 2026
    • Contact
    YouTube Facebook Instagram WhatsApp
    Megastar Magazine
    Home » Dangote Signs $400 Million Equipment Deal to Boost Refinery Capacity to 1.4 Million Barrels Per Day
    Oil & Gas

    Dangote Signs $400 Million Equipment Deal to Boost Refinery Capacity to 1.4 Million Barrels Per Day

    Ifetayo AdeniyiBy Ifetayo AdeniyiFebruary 18, 20263 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email Telegram
    Share
    Facebook Twitter WhatsApp Telegram Email

    Manny Ita  –

    The Dangote Group has announced the sealing of  a $400 million agreement with Chinese heavy machinery manufacturer XCMG to supply advanced construction equipment for a major expansion of the Dangote Refinery. The project, announced today aims to raise the refinery’s processing capacity from its current 650,000 barrels per day to 1.4 million barrels per day, a scale that would position it as the largest oil refinery in the world.
    Company officials said the newly acquired equipment will accelerate ongoing civil works, logistics infrastructure, and additional processing units required for the expansion. The deal reportedly includes large-scale earth-moving machinery, heavy-duty cranes, road construction systems, and specialized refinery support equipment designed for continuous industrial operations.
    A senior executive within the group described the agreement as a strategic milestone in strengthening Nigeria’s energy independence and export potential. “This expansion will not only meet domestic demand but also transform Nigeria into a net exporter of refined petroleum products on an unprecedented scale,” the official said.
    Industry analysts note that doubling the refinery’s capacity could significantly alter fuel supply dynamics across West Africa, reducing reliance on imported petrol, diesel, aviation fuel, and petrochemicals. The move is also expected to stabilize regional fuel prices and conserve foreign exchange currently spent on imports.
    XCMG representatives confirmed the partnership, stating that the company would provide technical support, operator training, and maintenance services throughout the construction phase. “We are proud to support one of the most ambitious industrial projects in the world and to contribute to Africa’s largest refining complex,” a company spokesperson said.
    Energy experts say the expansion aligns with broader plans to deepen downstream oil sector capacity while leveraging Nigeria’s vast crude reserves. The refinery, located in the Lekki Free Zone, already ranks among the largest single-train refineries globally, and the proposed upgrade would place it ahead of major refining hubs in Asia and the Middle East.
    Economic observers also emphasize the potential impact on employment, infrastructure development, and government revenue. Thousands of additional jobs are expected during construction, alongside long-term roles in operations, logistics, and ancillary industries.
    Government officials have welcomed the development, describing it as a boost to national energy security. A federal energy adviser noted that increasing local refining capacity is critical to shielding the economy from global supply disruptions. “Projects of this magnitude strengthen resilience and position Nigeria as a key energy supplier beyond its borders,” the adviser said.
    Construction activities linked to the expansion are expected to intensify in the coming months, with project timelines indicating phased commissioning of new units once major structural works are completed. If delivered as planned, the upgraded facility would mark a historic shift in global refining capacity and cement Nigeria’s status as a dominant force in the international downstream petroleum market.

    Oil & Gas
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Previous ArticleBandits Abduct Six Travelers in Benue, Demand ₦100 Million Ransom
    Next Article Over 1.5 Million Candidates Register as JAMB Fixes February 26 Deadline for 2026 UTME
    Ifetayo Adeniyi
    • Website

    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

    Related Posts

    Oil & Gas October 6, 2026

    Olu of Warri’s Aide Challenges Dokubo to Produce Documentary Evidence of N2.7trillion Pipeline Contract

    Oil & Gas October 2, 2026

    NNPC Offers Fuel Discount Nationwide At ₦66

    Stocks $ Bonds October 2, 2026

    Aliko Dangote Foundation Adds 10 Shares at No Cost for ‘Student Share’ Grant Initiative

    Oil & Gas October 2, 2026

    Nigeria Clocks 66: Chevron Commits to Partnership with Nigeria

    Oil & Gas September 30, 2026

    NNPC’s Revenue Hits N34.5tn As Profit Up 33% To N7.2tn

    Oil & Gas September 30, 2026

    NNPC Cautions Against Selling Refineries as Scrap

    Leave A Reply Cancel Reply

    Don't Miss
    News October 7, 2026

    Channels TV’s Uzono, Monique D Vibe Co-host To Megastar Awards 2026

    The third edition the Megastar Man of the Decade Awards 2026 is set to rise…

    BBNaija Winner Temi Nkem Poses with N60m SUV, N90m Prize

    October 7, 2026

    Galatasarays, Kasimpasa Match On the Way, Osimhen Joins Training Ahead

    October 7, 2026

    Femi Adebayo Commissions Euphoria 360 Hub, Celebrates New Chapter of Business

    October 7, 2026

    Subscribe to Updates

    Get the latest news as they happen

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    Our Picks

    Active Movie Producers And Marketers Association of Nigeria (AMPMAN)

    November 16, 2021

    From Reform to Resilience: Dauda Lawal’s Expanding Footprint of Leadership in Zamfara

    May 3, 2026

    2021 Keffi Polo: Immortalize Late Capt Hosa Organizers Urged FG

    November 12, 2021
    New Comments
    • Anozie okolo on Supreme Court Affirms President Tinubu’s Victory As Atiku, Peter Obi Lose
    • Mc richman on Nigeria and South African Music histories
    • Moses Ibrahim on Olu of Warri: Pictorial @ The Ogiame Atuwatse III Economic Summit.
    • Sen Rich Kay on MALARIA ERADICATION: Prince Ned Nwoko & NMEP Meet for joint action.
    Megastar Magazine
    YouTube Facebook WhatsApp Instagram
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © 2026 Megastar Magazine. Designed by MANNDI

    Type above and press Enter to search. Press Esc to cancel.