The Dangote refinery in Nigeria is setting its sights on being listed on both the London and Lagos stock exchanges.
Aliko Dangote, Founder and CEO of the Dangote Group, indicated that the company might seek a listing in Nigeria by the end of the year. Dangote’s other ventures, including Dangote Cement, Dangote Flour Mills, and Dangote Sugar, are already listed on the Nigerian stock exchange.
The Dangote refinery, located on a peninsula near Lagos, was constructed at a cost of $20 billion. The facility can refine up to 650,000 barrels per day, making it Africa’s largest oil refinery and the world’s biggest single-train facility.
The refinery boasts the world’s largest pipeline infrastructure, stretching 1,100 km to handle three billion standard cubic feet of gas per day and includes a 435 MW power plant.
