Africa’s Richest Man Proposes To Build 700,000 Bpd Oil Refinery In Kenya
The project could create more than 60,000 jobs and serve six East African markets, but activists warn it may damage a UNESCO-listed ecosystem.
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5 Articles
Dangote Refinery Secures $2.5 Billion Investment to Expand Africa’s Fuel Production
Nigeria's Dangote mega-refinery Thursday said it has secured $2.5 billion in investment from private investors to fund its expansion plans, as it widens its refining business to east Africa.
Africa’s Richest Man Proposes To Build 700,000 Bpd Oil Refinery In Kenya
East Africa has spent decades exporting one commodity and importing another. The region holds roughly 4.7 billion barrels of crude oil reserves and more than 70 trillion cubic feet of natural gas across Uganda, South Sudan, Kenya and the DRC, according to the African Energy Commission (AFREC). Yet it imports 100% of its refined fuel after Kenya Petroleum Refineries Limited (KPRL), the region’s last operating refinery, shut down in 2013. Nigerian…
Kenya is about to host the largest private investment in its history, led by Nigerian billionaire Aliko Dangote. But the Lamu refinery project is already facing an organized opposition, which challenges both the method and the announced environmental impact of this oil infrastructure. Iron arm around the largest private investment in Kenya's history. While the conglomerate of Nigerian billionaire Aliko Dangote is preparing the construction site …
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