Asia Pacific

Nigeria and China agree to oil refinery deal

oil_refineries_nigeriaChina has signed with Nigeria to build three oil refineries. A US$23 million project will be run by the China State Construction Engineering Corporation and Nigeria’s state-run oil firm NNPC. Nigeria, a net importer of oil refined products, has sought the joint funding with China to stem the flood of imported refined products into Nigeria. It is believed Nigeria, the world’s 12th-largest oil producer, will add 750,000 barrels per day of extra refining capacity with the new deal. The country has to import around 85% of its fuel needs because of the mismanagement of its own state-controlled refineries.

stay tune…We will report more on this once we get more information

Anthony-Claret Onwutalobi
Anthony-Claret Onwutalobi
Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC and CEO of Portia Web Solutions. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.

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