D’Angotti Group to Build the Largest Oil Refinery in East Africa
Dangote Group from Nigeria has chosen the Port of Lamu on Kenya's coast to build a giant oil refinery with a capacity of 700,000 barrels per day, at a cost of up to $17 billion. The project is part of an expansion plan to invest $46 billion between 2026 and 2028, aiming to increase revenue to $100 billion by 2030. The financing will include domestic funding and bond issues without relying heavily on external loans. The refinery will serve Kenya, Uganda, Tanzania, and South Sudan, to reduce dependence on fuel imports, and it will be the largest refining facility in East Africa.
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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي
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