Dangote says ambitious timeline for meda-refinery on track
“Such mega-refineries have been subjected to multi-year delays before, and it would still be a very optimistic timeline.” — June Goh, Senior Oil Analyst at Sparta.
- Expert: June Goh (Senior Oil Market Analyst, Sparta)
- Publication: Bloomberg
- Market Focus: Refining Capacity, Crude Oil, Fuel Margins
- Geographies: Nigeria, Africa, Global
In a recent analysis for Bloomberg, Sparta’s Senior Oil Analyst, June Goh, pushed back on the credibility of Dangote’s plan to double refining capacity to 1.4 million barrels a day within three years. The original 700,000 b/d Lagos refinery took 11 years and $20 billion to build, and Goh notes mega-refinery projects have a track record of multi-year delays even under experienced teams. The stakes are high given the current supply backdrop: the existing refinery posted a $1.8 billion first-half profit as the Iran and Ukraine conflicts squeeze global fuel supply, and the expansion is meant to come online before the first plant’s major maintenance is due in 2030. Traders should watch the construction schedule closely, since any slippage would extend the current tight-refining, high-margin environment rather than ease it.
[Read June Goh’s full commentary in Bloomberg]
About the Author
June Goh | Senior Oil Analyst, Sparta Commodities
June is a senior oil market analyst at Sparta specialising in global crude trade flows and refining economics across Asia and Europe. Her analysis is regularly cited by Bloomberg, the Financial Times, and Reuters. With a significant following in the energy community on X (@JuneGoh_Sparta), June’s insights are a staple for institutional traders navigating regional market shifts.
Connect: LinkedIn / X
About Sparta
Sparta is the AI leader for commodity trading, home to Leonidas AI, the first decision-making engine for oil and commodity traders. Backed by USD 42 million in Series B funding led by One Peak, with participation from returning investors FirstMark and Singular, the same investors behind AI leaders like Legora, Dataiku, and Synthesia. From independents to multinationals, the world’s leading commodity teams use Sparta and Leonidas AI to move faster, trade smarter, and stay ahead of the market.
For more information, visit Sparta or follow us on LinkedIn.
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