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East African Nations Offered 30% Share of Dangote’s Kenya Mega-Refinery

Nigeria’s Dangote Group has offered a 30% stake in a planned refinery in Kenya to East African nations, a senior economic adviser to Kenya’s President William Ruto said.

  • East African nations offered 30% stake in Kenya's $17 billion refinery.
  • Refinery to process up to 700,000 barrels per day, exceeding region's demand by 250,000 bpd.
  • Kenya's stake valued at $500 million, total regional stake could reach $1.5 billion.

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