Nigeria: As Dangote Leads the Way to Private Refineries…

[Leadership]It was not the first time a private investor was expressing interest in starting a refinery. But the recent announcement by Africa’s richest man and Nigeria’s foremost industrialist, Alhaji Aliko Dangote, that he was investing $8 billion in a crude oil refinery in the country, with a capacity to produce around 400,000 barrels a day by 2016, marked the first real commitment. The Niger Delta Petroleum Resources Ltd (NDPR) had commenced a refinery that had an initial capacity of 1,000 barrels of crude per day

Powered by WPeMatico

This entry was posted in African News. Bookmark the permalink.

Comments are closed.