oil refinery

Dangote opens Africa’s largest IPO, unveils $17B Kenya refinery

Aliko Dangote announced on Monday that construction on a $17 billion oil refinery in Lamu, Kenya, will begin by the end of September, with the facility expected to be completed within three years. The announcement came during the opening of…

US-Saudi consortium narrows sites for $5B refinery bypassing Strait of Hormuz

A consortium of American and Saudi companies announced Wednesday it has entered the final stage of site selection for a $5 billion integrated oil refinery and export corridor designed to bypass the Strait of Hormuz, as the ongoing Iran war…