DANGOTE PROJECTS END TO AFRICA’S FUEL IMPORTS

** **

Dangote Group President, Aliko Dangote, has said most African countries could become self-sufficient in refined petroleum products by 2030.

Dangote made the statement in Nairobi while discussing his planned $16bn refinery project in Kenya, which is expected to have a capacity of 700,000 barrels of crude oil per day.

He said the project was part of a broader effort to increase refining capacity within Africa and reduce the continent’s dependence on imported petroleum products.

Dangote said African countries should focus on processing raw materials locally rather than exporting crude resources and importing finished products.

He expressed confidence that increased refining capacity across the continent would enable countries to meet a larger share of their domestic fuel requirements.

The proposed Kenyan refinery is expected to take about 30 months to complete after construction begins.

Dangote also said the facility would source crude oil from different regions, including the Middle East and the United States, while remaining open to crude supplies from African producers as production increases.

His comments came ahead of the planned groundbreaking ceremony for the refinery in Lamu, Kenya.

The project is expected to serve markets in East and Central Africa and form part of Dangote’s wider expansion of refining and energy investments across the continent.

Dangote said increasing Africa’s refining capacity would help retain more value from the continent’s natural resources and reduce reliance on refined fuel imports.