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المشهد العربي
Dandoti to develop Kenya oil refinery with $16B
African billionaire Aliko Dangote plans to build an oil refinery in Kenya at a cost of $16 billion, with a production capacity of up to 700,000 barrels per day. Construction is set to begin in September, and the refinery will operate alongside his Lagos refineries, which are expected to increase their capacity to 1.4 million barrels per day by 2029. Engineers India, a company owned by the Indian government, has awarded a contract worth $450 million to oversee the new refinery project. Dangote aims to expand his investments across Africa, planning to invest $50 billion by 2030 in order to increase his group's revenues to $100 billion.
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