Kenya's $17B Oil Refinery Launch Set for September 30
The Kenyan government has finalized preparations for the launch of the East Africa Oil Refinery project in Lamu, scheduled for September 30, 2026. President William Ruto will lead the groundbreaking ceremony, which is expected to attract Heads of State from East Africa and local community members.
Deputy President Kithure Kindiki announced the event on September 22, emphasizing its significance for Kenya and the region. The refinery, estimated at $17 billion, will process up to 700,000 barrels of crude oil per day, serving East and Central African markets.
It aims to reduce foreign exchange outflows by decreasing reliance on imported petroleum products and is projected to create around 50,000 jobs. The project is backed by Nigerian billionaire Aliko Dangote, the Africa Finance Corporation, and other stakeholders.
Ruto discussed the refinery and a potential crude oil pipeline from Kenya’s Turkana oil fields with Dangote and AFC President Samaila Zubairu on September 21 in New York.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
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