Africa's richest man signs massive equipment deal with China's XCMG to double his refinery's capacity by 2029
Billionaires Africa | 28.06.2026 03:47
Aliko Dangote, Africa's richest man, has signed a major equipment procurement deal with XCMG, one of China's largest heavy machinery and construction equipment manufacturers, targeting the doubling of the Dangote Petroleum Refinery's current 650,000 barrel-per-day capacity to approximately 1.3 million barrels per day by 2029, a move that would make the Lekki facility the world's single largest crude oil refinery by processing capacity.
