Nigeria has signed a preliminary $4.5bn (£2.9bn) deal with US-based Vulcan Petroleum to build six oil refineries. The deal could boost refining capacity in the country by 180,000 barrels a day, with two of the refineries due for completion this year. Nigeria is Africa’s biggest oil producer but its refineries are only able to refine [...]
Oil Theft in Nigeria Causes Devastation to Environment and Economy
June 5, 2012 | Posted by
In the Nigerian Delta, government authorities and oil firms have found themselves at odds with a large network of illegal refiners. Miles of pipelines run through the area’s waterways, stealing crude oil away from legal processors. Though an amnesty was agreed to with 26,000 militants in the Niger Delta three years ago, oil theft remains [...]
