• Latest
  • Trending
  • All
Again, Dangote Refinery Slashes Petrol Price in Lagos

Dangote Confirms Upgrade Of $20 billion Refinery

July 21, 2025
Emirates⁠ Emerges World’s Most Profitable Airline with Record $6.6bn Group Profit

Emirates⁠ Emerges World’s Most Profitable Airline with Record $6.6bn Group Profit

May 7, 2026
Jarvis Rejects Peller’s Pregnancy Claims, Tells Him to Reclaim Benz

Jarvis Rejects Peller’s Pregnancy Claims, Tells Him to Reclaim Benz

May 7, 2026
FG Bans 'Dr' Title for Honorary Degree Holders

FG Bans ‘Dr’ Title for Honorary Degree Holders

May 7, 2026
FG Deploys Fani-Kayode To South Africa Over Rising Xenophobic Attacks 

FG Deploys Fani-Kayode To South Africa Over Rising Xenophobic Attacks 

May 7, 2026
Goodmus Learning Begins Global GCA Certification in Lagos

Goodmus Launches GCA in Lagos, Begins Global Competence Certifications

May 6, 2026
Former Commerce Minister, Mustafa Bello Appointed As Zenith Bank Chairman

Former Commerce Minister, Mustafa Bello Appointed As Zenith Bank Chairman At AGM 

May 6, 2026

Obi’s Entry Sparks Firestorm in Anambra NDC As Chairman David Chukwudifu Accused of Greed, Malpractices

May 6, 2026
EYT: UK-Trained Engineer Debbie OMOLOLA, industry leaders push practical training, global edge for Nigerian Engineers

EYT: UK-Trained Engineer, Industry Leaders Push Practical Training, Global Edge for Nigerian Engineers

May 5, 2026
ZENITH BANK CROSSES N1 TRILLION MARK IN Q1 2026 GROSS EARNINGS

Zenith Bank Exceeds N1 Trillion Mark In Q1 2026 Gross Earnings

May 5, 2026
How We Smashed Sales Despite Early Fears at GTCO Festival — Vendor 

How We Smashed Sales Despite Early Fears at GTCO Festival — Vendor 

May 4, 2026
Emirates Restores 96% of Global Destinations 

Emirates Restores 96% of Global Destinations 

May 4, 2026
Zobo or Sorrel: American Chef Camari Mick Reimagines Nigerian Classic at GTCO Food

Zobo or Sorrel? American Chef Camari Mick Reimagines a Nigerian Classic at GTCO Food

May 4, 2026
TYO National Competition Promotes Oratory, Critical Thinking Skills

TYO National Competition Promotes Oratory, Critical Thinking Skills

May 4, 2026
SMEs, Attendees Applaud Visibility, Experience at GTCO Food Festival 

SMEs, Attendees Applaud Visibility, Experience at GTCO Food Festival 

May 3, 2026
Media Award

August24news Publisher Bags Media Personality Award in Lagos

May 2, 2026
GTCO Food and Drink Festival 2026: World’s Best Vegetable Chef Begona Rodrigo highlights Mediterranean cuisine in Lagos

GTCO Food & Drink Festival 2026: World’s Best Vegetable Chef, Begona Rodrigo, Showcases Mediterranean Cuisine in Lagos

May 2, 2026
Saturday, May 9, 2026
  • Login
  • News
  • Business
  • Politics
  • Crime
  • Entertainment
  • Featured
  • Icons
  • Opinion
  • World
  • Tech
No Result
View All Result
No Result
View All Result
  • News
  • Business
  • Politics
  • Crime
  • Entertainment
  • Featured
  • Icons
  • Opinion
  • World
  • Tech
Home Business

Dangote Confirms Upgrade Of $20 billion Refinery

by Reporter theconscienceng
July 21, 2025
in Business, Trending
0
Again, Dangote Refinery Slashes Petrol Price in Lagos

Dangote Refinery

Share on FacebookShare on Twitter
Share on Facebook Share
Share
Share on Twitter Share
Share
Share on Linkedin Share
Share
IMG 20250226 WA0047
Dangote Refinery

Dangote Confirms Upgrade Of $20 billion Refinery

THECONSCIENCE NG reports that the President of the Dangote Group, Aliko Dangote says that the $20 billion refinery has been upgraded from 650,000 barrels per day to 700,000 barrels per day. Dangote Petroleum Refinery Lagos is currently going through a modification process, he sasaid.l

Dangote reportedly informed journalists and visitors to the plant that the upgrade, which is to add another 50,000bpd to the facility’s nameplate capacity, is expected to end in the fourth quarter of this year.

READ MORE:  Dangote Absorbs ₦16bn Loss In PMS, Offers ₦65/Litre Refund To Marketers

The Africa’s Richest Man stressed that the refinery could not reach 100 per cent capacity this year due to the modifications going on and expressed confidence that the modifications would scale up the oil refinery.

The report quoted Dangote as saying that the Residue Fluid Catalytic Cracking (RFCC) unit is operating at 85 per cent of its capacity as of July 2025.

The RFCC is a chemical process used in petroleum refineries to convert heavy residue feedstocks into more valuable, lighter products such as gasoline, liquefied petroleum gas, and diesel.

READ MORE:  If a Retired DPO Can Be Beaten By Policeman for Driving Korope, What Happens to Civilians?

“Our RFCC is at 85 per cent. We are not up to 100 per cent because there are some modifications that we are doing. It will finish by the end of the year, and we believe we will get to 700,000 bpd, not even 650,000, because all the other components that we have and all the other departments have all (reached 100 per cent). Some are even doing up to 145 per cent. So, we’ve done very well in that area,” Dangote said.

He disclosed that the refinery bought 19 million barrels of crude from the United States between June and July this year and that the United States supplies about 55 per cent of its crude needs, having bought 10 million barrels in early July.

READ MORE:  Lagos Assembly Moves To Enforce Tenancy Law

“As a company, we bought 10 million barrels of crude this month. So, 10 million barrels this month means that at the capacity we are, it’s about 55 per cent coming from the US,” he said.

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook
  • Share on WhatsApp (Opens in new window) WhatsApp

Like this:

Like Loading...

Related

Tags: Dangote refinery
ShareTweet
Previous Post

WAEC Debunks Rumoured Cancellation Of 2025 WASSCE Exams

Next Post

NDLEA Arrests Alleged Kingpin After Six-Year Hunt

Reporter theconscienceng

Reporter theconscienceng

Related Posts

Emirates⁠ Emerges World’s Most Profitable Airline with Record $6.6bn Group Profit
Business

Emirates⁠ Emerges World’s Most Profitable Airline with Record $6.6bn Group Profit

by TheConscience NG
May 7, 2026
Jarvis Rejects Peller’s Pregnancy Claims, Tells Him to Reclaim Benz
Entertainment

Jarvis Rejects Peller’s Pregnancy Claims, Tells Him to Reclaim Benz

by TheConscience NG
May 7, 2026
FG Bans 'Dr' Title for Honorary Degree Holders
News

FG Bans ‘Dr’ Title for Honorary Degree Holders

by TheConscience NG
May 7, 2026
FG Deploys Fani-Kayode To South Africa Over Rising Xenophobic Attacks 
News

FG Deploys Fani-Kayode To South Africa Over Rising Xenophobic Attacks 

by TheConscience NG
May 7, 2026
Goodmus Learning Begins Global GCA Certification in Lagos
News

Goodmus Launches GCA in Lagos, Begins Global Competence Certifications

by TheConscience NG
May 6, 2026
Former Commerce Minister, Mustafa Bello Appointed As Zenith Bank Chairman
Business

Former Commerce Minister, Mustafa Bello Appointed As Zenith Bank Chairman At AGM 

by TheConscience NG
May 6, 2026
Next Post
NDLEA Image

NDLEA Arrests Alleged Kingpin After Six-Year Hunt

No Result
View All Result

Recent Posts

  • Emirates⁠ Emerges World’s Most Profitable Airline with Record $6.6bn Group Profit
  • Jarvis Rejects Peller’s Pregnancy Claims, Tells Him to Reclaim Benz
  • FG Bans ‘Dr’ Title for Honorary Degree Holders
  • FG Deploys Fani-Kayode To South Africa Over Rising Xenophobic Attacks 
  • Goodmus Launches GCA in Lagos, Begins Global Competence Certifications

Get the latest news on the go!

Enter your email address

© 2025 TheConscience NG

TheConscience NG

  • About
  • Contact Us
  • Privacy-Policy
  • Terms and Conditions
  • TheConscienceNg.com | Breaking & Verified Nigerian News on the go!

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
X
Subject:
Message:
Ajax loader
No Result
View All Result
  • News
  • Business
  • Politics
  • Crime
  • Entertainment
  • Featured
  • Icons
  • Opinion
  • World
  • Tech

© 2025 TheConscience NG

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Share with friends
Share on Facebook Share
Share
Share on Twitter Share
Share
Share on Linkedin Share
Share
%d