…refinery to cost $8bn
The Lagos State government and the Nigerian National Petroleum Corporation (NNPC) in collaboration with a consortium of Chinese investors known as ChinaState have sealed a deal for the establishment of a new refinery with the capacity to produce 300,000 barrels of crude oil per day under a public-private partnership (PPP) arrangement within the Lekki Free Trade Zone (LFTZ).
The project on completion would in2 addition to the above crude output, produce 500,000 metric ...
Read the rest of the story on Businessday Nigeria
Added July 05, 2010
from Businessday Nigeria