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Nairaland Forum / Nairaland / General / Politics / Nigeria And China Sign $23bn Deal For Three Refineries (656 Views)
NNPC To Shut Down Three Refineries For Comprehensive Rehabilitation / Nigeria And China Sign $23bn Deal For Three Refinaries In Kogi,lagos & Bayelsa. / Nigeria And China Sign $23bn Deal For Three Refineries (2) (3) (4)
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Nigeria And China Sign $23bn Deal For Three Refineries by Anasko(m): 10:22am On Apr 10, 2016 |
Nigeria's state-run oil firm NNPC and China State Construction Engineering Corporation (CSCEC) have signed a $23bn (£16bn; 18bn euros) deal. The two will jointly seek financing and credits from Chinese authorities and banks to build three refineries and a fuel complex in Nigeria. The project would add 750,000 barrels per day of extra refining capacity. NNPC hopes the construction of new refineries will stem the flood of imported refined products into Nigeria. 'Deepen relationships' Nigeria is the world's 12th-largest oil producer and the eighth-largest oil exporter. But the country imports roughly 85% of its fuel needs because of the disrepair and mismanagement of its four state-owned refineries. "We are about to deepen the existing technical and commercial relationships between China and Nigeria through the signing of a memorandum of understanding," said Shehu Ladan, head of NNPC. The three refineries will be built in Bayelsa, Kogi and Lagos states, while a location has to be confirmed for the petrochemicals complex. The Nigerian government has said that foreign companies must invest in developing Nigeria's infrastructure and economy first, before they can benefit from its oil and gas exports. http://www.bbc.com/news/10116945?SThisFB%3FSThisFB%3FSThisFB
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Re: Nigeria And China Sign $23bn Deal For Three Refineries by alizma: 10:30am On Apr 10, 2016 |
k |
Re: Nigeria And China Sign $23bn Deal For Three Refineries by jimikata(m): 10:33am On Apr 10, 2016 |
Good one, let the development begins. |
Re: Nigeria And China Sign $23bn Deal For Three Refineries by charly4tex(m): 10:39am On Apr 10, 2016 |
....develop our economy first before benefiting from exporting our oil n gas.
That's great and sensible. |
Re: Nigeria And China Sign $23bn Deal For Three Refineries by obailala(m): 10:41am On Apr 10, 2016 |
OLD NEWS!!! cc: Mynd44 |
Re: Nigeria And China Sign $23bn Deal For Three Refineries by KINGwax007(m): 10:44am On Apr 10, 2016 |
charly4tex:see Arabic sense If u dnt knw wot that means, it means backward sense!!!! Lol... No disrespect to Arabic language but like Arabic, ur sense is coming from the back side of reality. So, how does one developed the country again? Are the refineries going to be in China? 1 Like |
Re: Nigeria And China Sign $23bn Deal For Three Refineries by andersonbaba(f): 10:44am On Apr 10, 2016 |
This is the change WE VOTED for. A lot of ppl have still not realised that PMB is looking for a lasting solution and not a temporary one that some cabal will sabotage again . If China does build a Refinery with the latest technology all our cries will turn to laughter. God Bless Nigerians God Bless PMB |
Re: Nigeria And China Sign $23bn Deal For Three Refineries by Mynd44: 10:51am On Apr 10, 2016 |
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