BluntMarkets
← Back
CommoditiesBrief

Dangote Group plans Kenya oil refinery despite land disputes

Oil

Levels

  • USO

    WTI proxy (USO)

    145.85

    +1.74%

Indicative and delayed. Some markets use ETF proxies.

Size this move (USO) →

Aliko Dangote is moving forward with plans to construct an oil refinery in Kenya as part of a broader strategy to industrialize the African continent by 2030. The project faces opposition from local groups regarding land rights. This refinery is a key component of the company's long-term expansion goals across the region. Monitor for developments regarding land acquisition negotiations and project timelines.

Source: BBC Business

Read full story →

More on USO

View all →

More on Oil