Nigeria expects 4 refineries from South Korean investors, eyes $50bn inflows …C0NTINUE READING HERE >>>
The Nigerian government has announced that a consortium of investors from South Korea has set up machinery to build four 100,000-barrel capacity refineries in the country.
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, disclosed this on Tuesday at a summit organized by the Crude Oil Refinery-owners Association of Nigeria in Lagos.
According to him, the refineries will be built across four locations in Nigeria, noting that the government has maintained an open environment to investors.
“We encourage investors to build limited refineries by providing an open…
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