Dangote Says Refinery Units Reach 650,000 Barrel-a-Day Capacity

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The Dangote oil refinery in Nigeria has reached its nameplate capacity of 650,000 barrels a day, a significant milestone in its one-year ramp-up period.

Market Impact

Market impact analysis based on bullish sentiment with 90% confidence.

Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term

Article Context

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Some of the largest units of the Dangote oil refinery in Nigeria reached their nameplate capacity of 650,000 barrels a day after a yearlong ramp-up.

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Original article published by Bloomberg on February 12, 2026.
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