Dangote Group signs $400 million equipment deal with China to boost refinery capacity
The Dangote Group signed a $400 million deal with China's XCMG to boost refinery expansion. This move supports its goal to become a $100 billion enterprise.
Insights:
Dangote Group has finalized a $400 million equipment purchase agreement with XCMG Construction Machinery Co., Ltd. , also known as Xuzhou Construction Machinery Group (XCMG), to accelerate the Dangote oil refinery expansion project. The contract, signed on February 17, 2026, is a key component of the group's strategy to increase the facility's capacity toward a planned 1.4 million barrels-per-day. This expansion project aims to bolster Nigeria 
NG by reducing its reliance on imported refined fuel and transforming regional supply dynamics for both fuel and petrochemicals.
NG by reducing its reliance on imported refined fuel and transforming regional supply dynamics for both fuel and petrochemicals.
