Dangote to begin construction of $16 billion East Africa refinery in Kenya
The project is expected to process 700,000 barrels of crude a day and create more than 50,000 jobs, officials said.
- Rwanda and Kenya celebrated the arrival of the MT Sea Wolf at the Kenya Pipeline Company's Kipevu Oil Terminal 2, carrying the Rwanda National Energy Company's maiden cargo of 40,000 tonnes of refined petroleum products.
- Kenya's Cabinet Secretary for Energy and Petroleum James Opiyo Wandayi and Rwanda's Minister of State in the Ministry of Infrastructure Armand Zingiro presided over the ceremony, marking nearly three years of government collaboration between the nations.
- The fuel arrival activates a new route through the Northern Corridor, underpinned by a Tripartite Agreement between the Kenya Pipeline Company and the Rwanda National Energy Company covering transportation and storage operations.
- Rwanda Association of Petroleum Products Importers Chairperson Eric Herbez Mutanganda noted the arrangement extends Kenyan storage flexibility from 30 days to 60 days, reducing risks from single-corridor dependency.
- Officials described the arrangement as a "practical demonstration of regional integration" under the East African Community and the African Continental Free Trade Area, expected to strengthen supply chain efficiency and reduce logistical costs.
20 Articles
20 Articles
Dangote Pledges to List East African Refinery on Kenya’s Bourse
Billionaire Aliko Dangote, who is raising funds in Africa’s biggest initial public offering for his Nigerian refinery, plans to have shares in a similar facility he’s building in Kenya trade on the country’s stock exchange.
Kenya delivers first 40,000-tonne fuel cargo to Rwanda as Dangote prepares $17bn refinery for East African market
Kenya has received its first major bulk shipment of refined petroleum products destined for Rwanda, opening a new supply route for the landlocked country as Kenya prepares to build a $17 billion refinery designed to serve the wider East African market.
Dangote to begin construction of $16 billion East Africa refinery in Kenya
Nigerian billionaire Aliko Dangote and Kenyan President William Ruto will break ground on Wednesday to begin construction of a $16 billion oil refinery aimed at meeting growing demand for petroleum products across East Africa.
Nigerian billionaire eyes US investors ahead of groundbreaking for $16B Kenya refinery
Nigerian billionaire Aliko Dangote has said Americans will be among the investors in the new East African $16 billion refinery, which is set to break ground on Wednesday, while insisting on African-led foreign investment.
Coverage Details
Bias Distribution
- 43% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
