China is to build an $8bn oil refinery in Nigeria.

Date: 06-07-2010 11:12 pm (13 years ago) | Author: Ucy
- at 6-07-2010 11:12 PM (13 years ago)
(m)
China is to build an $8bn oil refinery in Nigeria.

It will be the first of three refineries under a deal signed in May between Nigeria's state oil company, NNPC, and the China State Construction Engineering Corporation (CSCEC).

The refinery will be built in the Lekki free trade zone of Lagos, Nigeria's biggest city.

The Chinese will cover 80% of the cost, and NNPC 20%, while the state of Lagos will provide land and infrastructure.

Under the $23bn framework agreement signed in May, NNPC and CSEC will also build two other refineries, in Bayelsa and Kogi, as well as a fuel complex.

Nigeria already has four refineries, but they are widely seen to be poorly maintained and only running at 40% of capacity.

As a result, the African country must currently import refined fuel, even though it is a major crude oil producer and exporter.


Posted: at 6-07-2010 11:12 PM (13 years ago) | Upcoming
- hondahaller at 7-07-2010 10:19 AM (13 years ago)
(f)
Another means of cutting national cake,we know una plan make una carry go na only God go george una,de 4 refinaries are not working well and you people are planning to build more God go punish una one after the other
Posted: at 7-07-2010 10:19 AM (13 years ago) | Newbie
Reply
- blings_is_back at 7-07-2010 11:24 AM (13 years ago)
(m)
ok
Posted: at 7-07-2010 11:24 AM (13 years ago) | Hero
Reply
- omorewa at 7-07-2010 12:11 PM (13 years ago)
(f)
WOW..

Posted: at 7-07-2010 12:11 PM (13 years ago) | Gistmaniac
Reply
- princeblinks at 1-02-2012 01:44 PM (12 years ago)
(m)
Hmm...Another way of stealing and loathing of money.......Our leaders are thieves,unseen robbers........Where are they taking our money to. hmm,they want to tell us what we have never hard before.....we know all your plans but God will judge all of accordingly.
Posted: at 1-02-2012 01:44 PM (12 years ago) | Newbie
Reply
- Ecto at 15-08-2012 06:06 PM (11 years ago)
(m)
Seeing is believing
Posted: at 15-08-2012 06:06 PM (11 years ago) | Gistmaniac
Reply
- mallorca at 15-08-2012 09:26 PM (11 years ago)
(m)
Till then

Posted: at 15-08-2012 09:26 PM (11 years ago) | Addicted Hero
Reply

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