NNPC and Dangote Refinery Strengthen Ties to Boost Local Refining and Energy Security

NNPC Limited on Friday visited the 650,000-barrels-per-day Dangote Refinery in Ibeju-Lekki, Lagos, pledging to strengthen collaboration aimed at enhancing Nigeria’s energy security and fostering industrial growth.

A statement from NNPC noted that its Group Chief Executive Officer, Engr. Bashir Bayo Ojulari, led a senior management delegation on a tour of the refinery, owned by the Dangote Group, during which both parties discussed ways to expand operational and commercial ties.

During the visit, Ojulari described the partnership between the two energy giants as strategic and forward-looking, highlighting its potential to generate synergies across assets, infrastructure, capital, and markets, while providing greater transparency in their business engagements.

He praised Dangote Group President, Aliko Dangote, for his vision and perseverance in bringing the refinery project to fruition, noting that it ranks among the world’s largest single-train refineries.

Ojulari also emphasized that the collaboration offers vast opportunities beyond refining, including upstream operations, trading, shipping, and gas supply. He added that the partnership aligns with NNPC’s downstream expansion plans and its goal of increasing domestic refining capacity to cut dependence on imported petroleum products.

The NNPC CEO further expressed gratitude to President Bola Ahmed Tinubu for providing policy clarity and investor-friendly reforms in the oil and gas sector, which he said have created a conducive environment for large-scale investments and partnerships.

In his remarks, Aliko Dangote stated that Nigerians would benefit most from the strengthened ties between the two companies. “Our collaboration with NNPC Ltd will deliver economies of scale and unlock value across markets,” he said.

NNPC currently holds a 7.25% equity stake in the Dangote Refinery, a strategic investment that reinforces its role in Nigeria’s evolving downstream sector.

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