S&P Global Ratings has highlighted the significant role of the Dangote Petroleum Refinery & Petrochemicals in bolstering Nigeria's economic prospects, particularly following a recent upgrade of the country's sovereign credit rating. The agency noted that Dangote Industries is set to conduct feasibility studies for an expansion of its refining capacity to approximately 1.4 million barrels per day. This expansion is expected to enhance local production capabilities and reduce reliance on imported petroleum products, thereby contributing positively to the national economy.
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