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BusinessQuiet 5d · day 5

Dangote Rejects Monopoly Claims, Plans to Double Refinery Capacity

In a Talk to Al Jazeera interview, Nigeria's Aliko Dangote defends his refinery's dominance and outlines expansion and a stock listing.

newest coverage 5d agosummary written 5d ago4 pieces2 likes & upvotes NewswiresMastodonYouTube

What to know

  • Dangote says his refinery has reduced Nigeria's long-standing reliance on imported refined petroleum products.
  • The facility has seen rising jet fuel demand since the US-Israel war on Iran began disrupting global energy supplies on February 28.
  • Dangote plans to double the refinery's processing capacity and list the company on the Nigerian Stock Exchange.
  • He rejects criticism that his dominance in refining constitutes a monopoly, framing his goal as African self-sufficiency.

Aliko DangoteAliko Dangote Nigerian billionaire, refinery ownerDangote Group Company operating the refinery

Dangote Rejects Monopoly Claims, Plans to Double Refinery Capacity
aljazeera.com

How it unfolded 2 developments, newest first · click a bar or a number to jump articlesvideosposts

Peak 3 pieces in two hours at Sep 21, 4 AM; 4 pieces over 5 days (1 article · 1 video · 2 posts) Sep 21, 4 AM — 3 pieces · 1 article · 2 posts — Mastodon 2, Newswires 1Sep 21, 6 AM — 1 piece · 1 video — YouTube 1Sep 21, 8 AM — quietSep 21, 10 AM — quietSep 21, 12 PM — quietSep 21, 2 PM — quietSep 21, 4 PM — quietSep 21, 6 PM — quietSep 21, 8 PM — quietSep 21, 10 PM — quietSep 22, 12 AM — quietSep 22, 2 AM — quietSep 22, 4 AM — quietSep 22, 6 AM — quietSep 22, 8 AM — quietSep 22, 10 AM — quietSep 22, 12 PM — quietSep 22, 2 PM — quietSep 22, 4 PM — quietSep 22, 6 PM — quietSep 22, 8 PM — quietSep 22, 10 PM — quietSep 23, 12 AM — quietSep 23, 2 AM — quietSep 23, 4 AM — quietSep 23, 6 AM — quietSep 23, 8 AM — quietSep 23, 10 AM — quietSep 23, 12 PM — quietSep 23, 2 PM — quietSep 23, 4 PM — quietSep 23, 6 PM — quietSep 23, 8 PM — quietSep 23, 10 PM — quietSep 24, 12 AM — quietSep 24, 2 AM — quietSep 24, 4 AM — quietSep 24, 6 AM — quietSep 24, 8 AM — quietSep 24, 10 AM — quietSep 24, 12 PM — quietSep 24, 2 PM — quietSep 24, 4 PM — quietSep 24, 6 PM — quietSep 24, 8 PM — quietSep 24, 10 PM — quietYesterday, 12 AM — quietYesterday, 2 AM — quietYesterday, 4 AM — quietYesterday, 6 AM — quietYesterday, 8 AM — quietYesterday, 10 AM — quietYesterday, 12 PM — quietYesterday, 2 PM — quietYesterday, 4 PM — quietYesterday, 6 PM — quietYesterday, 8 PM — quietYesterday, 10 PM — quietToday, 12 AM — quietToday, 2 AM — quietToday, 4 AM — quietToday, 6 AM — quietToday, 8 AM — quietToday, 10 AM — quietToday, 12 PM — quietToday, 2 PM — quiet 1–2
Sep 22Sep 23Sep 24yesterdaynow · 3:15 PM ET
  1. 2

    Al Jazeera airs the interview as a broadcast segment

    Al Jazeera English broadcasts the Talk to Al Jazeera segment with Dangote on its television channel and YouTube, repeating his comments on the refinery, capacity expansion and monopoly criticism.

  2. 1

    Dangote rejects monopoly criticism

    Dangote pushes back on criticism that his refinery business constitutes a monopoly, saying his aim is to make Africa self-sufficient and less reliant on imports.

    1. 1 outlet Aliko Dangote: Refining Nigeria’s oil, helping Africa, and creating wealth

      first by Al Jazeera, 5d ago

  3. background

    Dangote outlines plan to double capacity, list on NSE — Dangote says he wants to double the refinery's processing capacity and is listing the company on the Nigerian Stock Exchange to create wealth for ordinary citizens.

  4. background

    Dangote refinery cuts Nigeria's fuel import dependence — For decades Nigeria, Africa's biggest oil producer, spent billions of dollars importing refined petroleum products because its state-owned refineries barely functioned; Dangote says his refinery has reduced that dependence.

  5. background

    Al Jazeera publishes Dangote interview on refinery's impact — Al Jazeera's Talk to Al Jazeera program publishes an interview with Aliko Dangote in which he discusses building his oil refinery and its effect on Nigeria's economy.

  6. background

    US-Israel war on Iran disrupts global energy supplies — The launch of the US-Israel war on Iran on February 28 disrupted global energy supplies, which the Dangote refinery says increased demand for its jet fuel.