Dangote Group has made tremendous progress in growing its refinery and petrochemical activities, signing two big agreements totaling $750 million.
The company has signed two distinct deals, one valued at $400 million with Chinese construction machinery major XCMG and the other at $350 million with Indian engineering firm EIL.
These investments will help Dangote achieve its ambitious goal of increasing refinery capacity from 650,000 barrels per day to 1.4 million barrels per day, establishing it as a key player in Nigeria’s fuel self-sufficiency efforts while also driving growth in the country’s petrochemical and agricultural sectors.
The arrangement with XCMG comes shortly after Dangote Group signed a $350 million deal with Indian engineering firm EIL in January.
These agreements aim to increase Africa’s industrial capacity while reducing the continent’s reliance on imported refined fuels.
As part of the refinery development, a second processing train will be built, increasing capacity.
EIL will continue to serve as Project Management Consultant (PMC) and Engineering, Procurement, and Construction Management (EPCM) consultant following its first involvement in the refinery’s development, which began in 2024.
Dangote will receive a wide range of innovative equipment as part of the arrangement with XCMG, one of China’s leading construction machinery manufacturers.
This new machinery will help with refinery growth as well as other petrochemical, agricultural, and large-scale infrastructure projects.
Dangote Group intends to complete the expansion within three years, accelerating its ambition of becoming a $100 billion company by 2030.
The $20 billion Dangote Petroleum Refinery in Lekki, Lagos, attained its full operational capacity of 650,000 barrels per day (bpd) in January 2026, marking an important milestone in Nigeria’s quest to increase fuel self-sufficiency.
As of January 2026, the refinery produced 40.1 million litres of oil per day, accounting for 57% of Nigeria’s total petroleum supply, up 25% from December 2025.