Dangote refinery in Lamu set to begin construction in October
Construction of the proposed Dangote oil refinery in Lamu is expected to begin in October, billionaire businessman Aliko Dangote has said. Dangote told the BBC that the refinery will cost about Sh2 trillion, lower than the initial estimate of Sh2.2 trillion. He said preparations for the project were progressing and construction would begin after the [...] The post Dangote refinery in Lamu set to…
Billionaire Aliko Dangote announced plans to begin construction of his proposed oil refinery in Lamu, Kenya, in October. The refinery, estimated to cost Sh2 trillion, will be the largest in East Africa and the second-largest in Africa. Once operational, it will process 700,000 barrels of crude oil daily, supplying the Kenyan market and potentially neighboring countries like Uganda, Tanzania, South Sudan, and the Democratic Republic of Congo.
The project, part of Dangote's strategy to expand his refining operations into East Africa, aims to reduce regional reliance on imported refined petroleum products and bolster energy security. The investment will also create jobs and generate business opportunities for local firms. Dangote's Lagos refinery serves as a model for the proposed Kenyan facility, which will benefit from Lamu's strategic location on the Indian Ocean and its connection to regional markets.
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