EIL secures $450 million contract for Kenya refinery project
pre-market1 source ↓written by the desknot a recommendation
- contract with Nigeria's
- $450 million
- and enhance regional
- 700,000 barrels per day
Engineers India Ltd (EIL) signed a $450 million contract with Nigeria's Dangote Group to serve as project management and engineering consultant for a new refinery in Kenya. This greenfield project aims to process 700,000 barrels per day and enhance regional energy security by reducing import reliance.
The contract underscores EIL's growing role in international projects, potentially boosting its market position and revenue streams. The refinery will also cater to global petroleum product demands.
Not investment advice. For informational purposes only.