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SUBSIDIARY NAME
Dangote Oil Refining Company (DORC)
COUNTRY
NIGERIA
SECTOR/ INDUSTRY
OIL AND GAS
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
JULY 15,2022
ACQUISITION VALUATION
19 BILLION
TOTAL ASSET VALUATION
190 BILLION
ENERGY-OIL-REFINERY-GAS
Dangote Oil Refining Company (DORC) by Dangote Industries Limited (DIL) acquired on JULY 15, 2022 and described: It is the construction of an integrated crude oil refinery and petrochemical complex. The refinery will have a processing capacity of 460,000 barrels of crude oil per day. It will achieve quality refined petroleum products and petrochemicals.
