Dangote Refinery Dangote Refinery The Dangote Refinery is an oil refinery owned by the Dangote Group that is under construction in Lekki, Nigeria. When complete, it will have a capacity to process about 650,000 barrels per day of crude oil. Nigerian businessman Aliko Dangote unveiled early plans for the refinery in September 2013, when he announced that he had secured about $3.3 billion in financing for the project. At the time, the refinery was estimated to cost about $9 billion, of which $3 billion would be invested by the Dangote Group and the remainder via commercial loans, and begin production in 2016.
Dangote Group pipeline, when completed will extend from Bonny (Rivers State) through Ogedegbe, Olokola to Lekki and the Escravos Lagos pipeline, finally terminating at the West Africa Gas Pipeline. The company was founded by Aliko Dangote after receiving a $3,000 loan from an uncle. Initially, the company focused on the bulk sale of foods such as rice, but gradually expanded to shipping and the importing of cement. Dangote competed (and competes) with Lafarge, a French company that imported and produced the bulk of African cement. Today, Dangote Group is a diversified conglomerate, headquartered in Lagos, with interests across a range of sectors