ENA NEWS · Refining
Dangote Opens Landmark IPO to Double Refinery Capacity
Dangote launched Africa's largest share sale, offering 4.1 billion refinery shares and targeting USD 1.6 billion before any greenshoe option, Reuters reports. The 700,000-barrel-per-day plant aims to reach 1.4 million barrels per day by 2029. Its expansion could materially reshape African gasoline and Jet A1 balances and crude procurement flows.
News summary. Original reporting is linked below.
Read original source · Reuters