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Dangote Signs $400 Million Equipment Deal to Fast-Track Refinery Expansion and Boost Petrochemical Capacity

Dangote Group has inked a $400 million deal with China’s XCMG to acquire heavy‑construction equipment that will fast‑track the expansion of its petroleum refinery from 650,000 to 1.4 million barrels per day. The upgrade will also boost petrochemical outputs, including polypropylene, urea and linear alkyl benzene, positioning the complex as the world’s largest refinery and Africa’s top chemical producer. Completion is targeted within three years, supporting Dangote’s broader ambition to build a $100 billion enterprise by 2030. The agreement underscores the conglomerate’s push to become a global construction leader.