The stage is already set for the groundbreaking ceremony for the Dangote East Africa Petroleum Refinery and Petrochemicals SEZ, to be held on Wednesday in Mokowe, Lamu County, Kenya.
The proposed refinery, estimated to cost about $ 16 billion, is expected to have a processing capacity of 700,000 barrels per day and is targeted for completion by 2030.
The facility is planned to process crude from Kenya’s Turkana oilfields as well as supplies from other parts of Africa and is expected to reduce the region’s dependence on imported petroleum products.
Speaking to reporters in Nairobi on Tuesday, Africa’s richest man said he saw it as part of efforts to stop the continent exporting raw materials and start selling finished products.
“By 2030, the majority of African countries will be self-sufficient. It does not matter where it is refined, but it should be in the African continent, on the soil of Africa,” he said in response to a question from AFP on when Africa would no longer need to import fuel from elsewhere.
He dismissed concerns about the Kenyan project, which is being built at Lamu on the picturesque Indian Ocean coast, and already faces a land rights court case and opposition from Greenpeace and others over its environmental impact.
“There’s actually no problem with these sort of cases,” Dangote said. “There are people who don’t want the development of Africa.”
The post All Set As Dangote $16bn East Africa Refinery Groundbreaking Holds In Kenya appeared first on Channels Television.