Africa’s richest businessman, Aliko Dangote, has confirmed that his planned 700,000 barrels-per-day East African refinery will be built in Lamu, Kenya, ending months of speculation over the project’s location.
According to Channels Television, citing AFP, Edwin Devakumar, Vice President of Oil and Gas at Dangote Industries Limited, said the refinery will be located on the Kenyan island of Lamu and is expected to take about 30 months to complete.
Tanzania had also been considered as a potential host for the refinery. During a visit to Tanzania last month, Dangote met President Samia Suluhu Hassan and explained the commercial and technical reasons behind the decision to choose Lamu. He also invited Tanzania to participate in the investment.
Before settling on Lamu, Dangote had previously indicated that Mombasa was among the locations under consideration.
The planned refinery will mirror the scale of the Dangote Refinery in Nigeria, which has transformed the country’s downstream petroleum sector. The Nigerian facility currently has a capacity of 650,000 barrels per day, with plans to expand production to 1.4 million barrels per day by 2028, a move that could make it the world’s largest refinery.
The privately owned refinery has significantly reduced Nigeria’s dependence on imported petrol after decades of challenges affecting state-owned refineries. It also exports aviation fuel to markets including the United States, Europe and Brazil.
Dangote Refinery has also expanded its regional footprint, selling 12 cargoes totalling 456,000 tonnes of petroleum products to countries including Ivory Coast, Cameroon, Tanzania, Ghana and Togo.
The company is also expected to list the Dangote Refinery on the Nigerian Stock Exchange next year.