Nigeria and China agree to oil refinery deal

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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 Ifeanyi Onwutalobi

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Anthony-Claret Ifeanyi Onwutalobi

Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC. 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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