Published • loading... • Updated
East Africa’s Oil Rivalry Spurs Multi-Billion-Dollar Projects Across The Region
Summary by Oil Price
2 Articles
2 Articles
East Africa’s Oil Rivalry Spurs Multi-Billion-Dollar Projects Across The Region
Last month, we reported that Nigerian billionaire and Africa’s richest man, Aliko Dangote, has agreed to build a $17 billion (Ksh2.2 trillion), 700,000-barrel-per-day refinery on Kenya’s Lamu Island that would process crude not only for Kenya but also its neighbors such as Uganda, Rwanda, Burundi, South Sudan and the DRC. The giant refinery--Africa’s second largest refinery behind only Nigeria’s Dangote refinery--would easily exceed East Africa’…
·New York, United States
Read Full Article
Three energy giants are competing in the refining market in East Africa. Behind the investment race is the control of crude oil, infrastructure and distribution networks.
Coverage Details
Total News Sources2
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
Factuality
To view factuality data please Upgrade to Premium
