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Dangote Oil Refinery in Lamu, Kenya

Sector: Oil and Gas • Location: Lamu, Kenya

Source: The Kenyan Wallstreet

Project
Preparatory Phase

Dangote Group plans to build a 700,000-barrel-per-day oil refinery in Lamu, Kenya, costing approximately KSh 2.2 trillion (US$17 billion). The project aims to supply refined petroleum products to Kenya and neighboring East African markets, reducing the region's dependence on imported fuel. The site has been selected, soil tests are underway, and design and engineering work has commenced. Financing

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The project “Dangote Oil Refinery in Lamu, Kenya” is an infrastructure initiative in the Oil and Gas sector, located in Lamu, Kenya. Taiyo aggregates data on it from The Kenyan Wallstreet.

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Participants

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Status

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preparatory phase

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Description

Description

Dangote Group plans to build a 700,000-barrel-per-day oil refinery in Lamu, Kenya, costing approximately KSh 2.2 trillion (US$17 billion). The project aims to supply refined petroleum products to Kenya and neighboring East African markets, reducing the region's dependence on imported fuel. The site has been selected, soil tests are underway, and design and engineering work has commenced. Financing will be through internal cash flow, bonds, and proceeds from an initial public offering.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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