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Dangote Plans Massive Kenya Oil Refinery

Dangote Group plans to build a 700000 barrel per day oil refinery in Kenya by 2030. The 15 billion dollar project faces significant hurdles regarding crude feedstock and capital raising.

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FILE PHOTO: Aliko Dangote, President and Chief Executive Officer of Dangote Group, leaves the stage after delivering an opening speech at the signing ceremony for the Dangote Refinery initial public offering (IPO) in Lagos, Nigeria, September 7, 2026. REUTERS/Sodiq Adelakun/File Photo

Billionaire Aliko Dangote plans to build a 700,000-barrel-per-day refinery in Kenya costing $15 billion to $16 billion, targeting completion by 2030. The project follows the launch of Dangote's major refining facility in Nigeria last year. Unlike oil-rich Nigeria, Kenya currently produces no commercial crude output, posing major supply hurdles.