Kenya, Tanzania and neighbors discuss joint refinery as…
1 reactions
Kenya, Tanzania and neighbors discuss joint refinery as Dangote offers to build it
* East African countries are discussing plans for a joint oil refinery at Tanzania's port of Tanga modelled on Nigeria's Dangote plant.
* East Africa currently imports all of its refined petroleum products, mainly from the Middle East, leaving the region vulnerable to supply disruptions and price spikes as seen in the fallout of the Iran conflict.
* "We're going to have a joint refinery in Tanga to benefit all of us because that refinery is going to take on board the oil from DRC (Democratic Republic of the Congo), the oil from Kenya, the oil from South Sudan, and the oil from Uganda," Kenyan President William Ruto told a conference on infrastructure financing in Nairobi.
* Aliko Dangote said he could replicate his 650,000‑barrel‑per‑day Nigerian refinery in East Africa, provided governments in the region supported the initiative.
* He also said he planned to establish about 20 fertilizer blending plants across Africa by 2028 to meet most of the continent’s needs.
* Asked about the planned listing of his Nigerian refinery, Dangote said African investors should participate, adding: "All of Africa should invest. I will be paying dividends in dollars."
#local
* East African countries are discussing plans for a joint oil refinery at Tanzania's port of Tanga modelled on Nigeria's Dangote plant.
* East Africa currently imports all of its refined petroleum products, mainly from the Middle East, leaving the region vulnerable to supply disruptions and price spikes as seen in the fallout of the Iran conflict.
* "We're going to have a joint refinery in Tanga to benefit all of us because that refinery is going to take on board the oil from DRC (Democratic Republic of the Congo), the oil from Kenya, the oil from South Sudan, and the oil from Uganda," Kenyan President William Ruto told a conference on infrastructure financing in Nairobi.
* Aliko Dangote said he could replicate his 650,000‑barrel‑per‑day Nigerian refinery in East Africa, provided governments in the region supported the initiative.
* He also said he planned to establish about 20 fertilizer blending plants across Africa by 2028 to meet most of the continent’s needs.
* Asked about the planned listing of his Nigerian refinery, Dangote said African investors should participate, adding: "All of Africa should invest. I will be paying dividends in dollars."
#local
1
| 4,000 mlx | |
| 6 | |
| 1 |