Nigeria’s quest to refine own oil

BusinessDay Nov 17, 2020

oil — Nigeria’s coming new refining age is predicated on the countries growth and energy demand potential, while European and North American economies have attained maturity

In contrast to refineries’ shutdown in Asia and North America, Nigeria is getting set for an exponential growth in local refining capacity. The Organisation of Petroleum Exporting Countries in its latest 2020 World Oil Outlook, estimated refining capacity additions on the African continent between 2020 and 2025 at around 5.20 million barrels per day based…

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