Lagos, NNPC, Chinese investors seal deal on 300,000 bpd refinery

…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 ...
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Added July 05, 2010
from Businessday Nigeria