Dangote Refinery Expansion Plans
Storage Capacity Increase : The Dangote Refinery is expanding its storage capacity by 600 million liters, bringing the total capacity to 5.3 billion liters.
Strategic Reserve: The refinery will serve as a strategic reserve for refined products, addressing the country’s lack of strategic reserves for petrol.
Reduced Dependence on Imports: The refinery aims to reduce Nigeria’s dependence on imported refined fuel, despite the country’s huge crude oil reserves
Cheaper Fuel: The refinery plans to supply cheaper fuel to the Caribbean region, where prices are currently high
Challenges Overcome: The project has overcome attempts at sabotage by local and international cartels, as well as challenges in securing crude oil supply.
