Construction of the proposed Dangote oil refinery in Lamu is set to begin in October, Africa’s richest man Aliko Dangote has said.
Dangote shared with the BBC that the project is now anticipated to cost around Sh2 trillion, a reduction from the earlier estimate of Sh2.2 trillion.
“By October this year, we will have made significant strides.” Once we break the ground, we will begin the construction,” Dangote said.
The refinery is set to process 700,000 barrels of crude oil daily, positioning it as the largest in East Africa and the second-largest across the continent, following Dangote’s refinery in Lagos, Nigeria.
Dangote revealed exciting plans in April to broaden his refining business into East Africa, with the Lamu facility anticipated to be inspired by his refinery in Nigeria.
The proposed refinery is expected to supply refined petroleum products to Kenya and neighboring markets, including Uganda, Tanzania, South Sudan, and the Democratic Republic of the Congo, thereby reducing reliance on imported refined petroleum products.
