Dangote's Kenya Refinery Project Launches This Week at Up to $20B ...Middle East

OILPRICE - Economy
Dangotes Kenya Refinery Project Launches This Week at Up to $20B
source : OILPRICE ( Middle East ) () 34
Kenya breaks ground September 30 on the Dangote-backed East Africa Oil Refinery in Lamu, a project priced at $17 billion by Kenyan officials and $20 billion by Aliko Dangote himself, and designed to process 700,000 barrels of crude oil a day at Lamu's deep-water port. It would serve Kenya, Uganda, South Sudan, Rwanda, Burundi and the Democratic Republic of Congo. Disclosed financing for the project totals $1.6 billion against a price tag of $17 billion to $20 billion. Tanzanian billionaire Mohammed Dewji has committed $100 million to the project.…

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