Construction of Dangote’s Lamu oil refinery to start in October
NAIROBI, Kenya, August 10 – Construction of the proposed Dangote oil refinery in Lamu is set to begin in October, Africa’s richest man Aliko Dangote has said. Dangote told the…
Nairobi, Kenya - In an announcement made on August 10, Africa's wealthiest individual, Aliko Dangote, revealed that the construction of his proposed oil refinery in Lamu will commence in October. Dangote informed the BBC that the project's estimated cost has been adjusted to approximately Sh2 trillion, a reduction from the previously estimated Sh2.2 trillion. He stated, "By October this year, we will be groundbreaking. Once we break the ground, we will begin the construction."
The refinery is envisioned to possess a processing capacity of 700,000 barrels of crude oil daily, positioning it as the largest refinery in East Africa and the second-largest in Africa, following Dangote's refinery in Lagos, Nigeria. Dangote announced his intention to expand his refining operations into East Africa in April, with the Lamu facility intended to mirror the design of his Nigerian refinery.
This new facility is projected to cater to the refined petroleum product needs of Kenya and neighboring nations such as Uganda, Tanzania, South Sudan, and the Democratic Republic of the Congo, thereby diminishing their dependence on imported refined petroleum products.
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