Dangote Refinery Posts $1.82 Billion Profit After Middle East Supply Crisis
Part of composite article Oil Prices Fall as Saudi Arabia Opens New Supply Routes After Pipeline Attack View full article →
Dangote Petroleum Refinery reported a net profit of $1.82 billion for the first half of 2026. The Lagos-based plant benefited from disruptions to fuel exports from the Middle East, which increased global demand for its products.
Revenue for the period exceeded $13 billion. This marks a sharp turnaround from a $476 million loss for all of 2025, according to the refinery's IPO prospectus.