Dangote Plans 700,000-Barrel-Per-Day Refinery in Kenya
Nigeria’s Dangote Group plans to build a 700,000-barrel-per-day oil refinery in Kenya, financing the project through internal cash flow, bond issuance and proceeds from a planned initial public offering. The refinery will be located in Lamu and is expected to take up to three years to complete, Edwin Devakumar, Dangote Industries’ vice-president for oil...