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Nigeria’s NNPC may raise its stake in the Dangote Refinery if it succeeds operationally, with plans for a stock listing and capacity expansion.
Aliko Dangote has signaled that Nigeria’s NNPC Ltd could increase its stake in the Dangote Refinery, currently at 7.2%, if the facility demonstrates full operational success during its next growth phase.
The refinery, operational since January 2024, aims to boost capacity to 700,000 barrels per day by year-end and eventually reach 1.4 million barrels per day.
Dangote plans to list 5–10% of the refinery on the Nigerian Stock Exchange within a year to enhance transparency and attract investment.
Despite past payment issues that reduced NNPC’s stake from 20%, the company is expanding into chemicals, targeting 1.5 million metric tonnes of polypropylene annually.
The facility has faced 22 sabotage attempts but remains secure due to automated systems.
A brief maintenance shutdown may occur near year-end to avoid disrupting high-demand periods.
La NNPC de Nigeria puede aumentar su participación en la Refinería Dangote si tiene éxito operativo, con planes para una cotización de existencias y expansión de capacidad.