The Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd. as part of plans to accelerate the expansion of the Dangote Petroleum Refinery & Petrochemicals.
In a statement, the Group said the deal would facilitate the acquisition of a wide range of advanced construction equipment to support ongoing and upcoming projects across refining, petrochemicals, agriculture and large-scale infrastructure development.
The refinery’s current capacity of 650,000 barrels per day is set to increase to 1.4 million barrels per day under the expansion plan, positioning it to become the largest refinery in the world. The project is expected to be completed within three years.
According to the company, the newly acquired equipment will complement existing assets already deployed for the refinery upgrade and associated industrial projects.
Beyond refining operations, the expansion programme will significantly scale up petrochemical output. Polypropylene production is projected to rise from 900,000 metric tonnes per annum to 2.4 million metric tonnes per annum.
Similarly, Nigeria’s urea production capacity under the Group will be tripled from 3 million to 9 million metric tonnes per annum. This will be in addition to the existing 3 million metric tonnes per annum capacity in Ethiopia, reinforcing Dangote’s position as the largest urea producer globally.
Industry analysts say the investment underscores the Group’s long-term strategy to deepen local industrial capacity, enhance export potential and strengthen Nigeria’s role in global energy and petrochemical markets.
