BUSINESSTHE RIO TIMES
Dangote’s Refinery Hits Full Throttle Just as Its IPO Nears
Dangote's refinery achieved 700,000 barrels per day in a test, exceeding its rated capacity. The project, costing $20 billion, is owned by Aliko Dangote, Africa’s richest man, as its IPO approaches.
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Adjacent reporting
- Africa Intelligence Brief — Monday, June 8, 2026
- Africa’s richest man plans new Mombasa oil refinery: Why this matters
- Momentum grows for Africa’s largest-ever IPO by Dangote
- The US refinery now processing Venezuelan oil
- Dangote’s Refinery Private Placement Draws $2 Billion of Demand
- Dangote Plans Pan-African IPO for Continent’s Biggest Refinery