web analytics
Nigeria-Oil-Refinery

Nigeria Signs $4.5 Billion Deal with Vulcan Petroleum for 6 New Refineries

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 [...]