South Korean consortium plans four 100,000 bpd Nigerian refineries, with $50B investment.

A consortium of South Korean investors plans to construct four refineries in Nigeria, each with a capacity of 100,000 barrels per day. This initiative, announced by Nigeria's Minister of State for Petroleum Resources, Heineken Lokpobiri, aims to attract $50 billion in investments. The Nigerian government is promoting a favorable environment for refinery development to enhance the country's oil sector and energy security.

October 09, 2024
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