Dangote Refinery Reaps Record Profits in Europe
Dangote refinery reported a net profit of 1.82 billion dollars in the first half of 2026 after becoming a major fuel supplier to Europe. Middle East disruptions and growing exports drove the surge ahead of its IPO.
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Nigeria's Dangote oil refinery posted a net profit of $1.82B in the first half of 2026 on revenue exceeding $13B, fueled by surging European demand. That figure reverses a loss of $476M recorded across all of 2025 as conflict-related disruptions lifted refining margins.
