Shell And ExxonMobil Are Betting Billions On Nigeria's Deepwater Comeback
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- free-analysis-rule-based-analysis
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Nigeria is trying to rebuild its energy industry from the ground up, not only trying to recover lost crude production, but working to turn itself into Africa’s dominant refining, gas, capital markets and energy export hub. The clearest test is the Dangote Refinery. The 650,000-barrel-per-day plant has already changed Nigeria’s fuel market and is now preparing for what could become the largest IPO in African history. Dangote Refinery is seeking to raise around $4 billion at a valuation of roughly $40 billion, a listing that would place…
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Original article published by OilPrice.com on July 7, 2026. Analysis and insights provided by AnalystMarkets AI.
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