Kenya: Construction of Dangote's Lamu Oil Refinery to Start in October
[Capital FM] Nairobi -- Construction of the proposed Dangote oil refinery in Lamu is set to begin in October, Africa's richest man Aliko Dangote has said.
Nairobi - The construction of the highly anticipated Dangote oil refinery in Lamu, Kenya is set to commence in October, according to its owner Aliko Dangote. The project, initially estimated to cost Sh2.2 trillion, has now been revised to a projected expenditure of Sh2 trillion. Dangote hinted at the groundbreaking ceremony being held in October, signaling the start of the construction process.
The refinery is projected to have a processing capacity of 700,000 barrels of crude oil per day, positioning it as the largest in East Africa and the second-largest on the continent, following Dangote's refinery in Lagos, Nigeria. Announced in April, the expansion of Dangote's refining business into East Africa aims to establish the Lamu facility as a model.
The refinery is anticipated to cater to the regional demand for refined petroleum products, serving Kenya and neighboring countries such as Uganda, Tanzania, South Sudan, and the Democratic Republic of the Congo, thereby reducing reliance on imported petroleum products. AllAfrica, a platform compiling news from various sources, reports this development, with each entity responsible for its content.
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