Africa’s richest businessman, Aliko Dangote, has selected Kenya as the location for a proposed 700,000-barrel-per-day oil refinery, marking a major expansion of his energy investments across the continent.
According to reports, the refinery will be built in Lamu, a coastal island in Kenya, ending months of speculation over where the multi-billion-dollar East African project would be located.
The announcement was made on Tuesday by Edwin Devakumar, Vice President for Oil and Gas at Dangote Industries Limited, during an interview with AFP.
The planned refinery is expected to have a processing capacity of 700,000 barrels of crude oil per day, making it one of the largest refining facilities in Africa. It is expected to mirror the scale and technology of the recently commissioned Dangote Refinery in Nigeria, which has significantly boosted the country’s domestic refining capacity.
Industry analysts believe the proposed Kenyan refinery could strengthen East Africa’s energy security, reduce dependence on imported refined petroleum products, and create thousands of jobs during both the construction and operational phases.
The project also aligns with Dangote Industries’ broader strategy of expanding its industrial footprint across Africa while supporting regional economic growth and improving fuel supply across the continent.
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