HOUSTON, Aug. 12
A financial company based in Abu Dhabi has acquired a 75% interest in a 40,000-b/d refinery in Djibouti and plans to expand capacity to 100,000 b/d.
The buyer, Al Brooge Securities Co., said the expansion will occur “in the next stage.”
The firm said the refinery yields 23% naphtha, 23% gas oil, 22% kerosine, 18% bitumen, and 2% LPG. The facility supplies Djibouti, Sudan, and Ethiopia.
“Plans are in place to expand into other African markets such as Kenya and Uganda,” Al Brooge said in a press statement.