Dangote Confirms ADNOC and Governments Eye Stake in Nigerian Refinery

Aliko Dangote announced that Abu Dhabi National Oil Company (ADNOC) and several governments, along with other strategic investors, have expressed interest in acquiring stakes in the Dangote Refinery. The announcement follows the company’s recent progress on the refinery’s construction and its goal to become Africa’s largest oil refinery. Dangote’s confirmation signals that the project is attracting international attention and could open the door to significant foreign investment. While the exact terms of any future partnership remain undisclosed, the interest from ADNOC and state actors suggests a potential alignment of strategic objectives and financial resources. The next phase will likely involve detailed negotiations and due diligence to determine the structure and scale of the investment.