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&&post_id=1104496759602120_1104496832935446%3FSThisFB

Op, what have you been smoking? This is a 2010 news.

You're making reference to a 2010 BBC article. Why?

I pray they deliver the project in time so that the masses will enjoy.

j

Better days ahead!


''The three refineries will be built in Bayelsa, Kogi and Lagos states, while a location has to be confirmed for the petrochemicals complex''

.......but some 1 said PMB is for the North only?

kk

PVL:
You're making reference to a 2010 BBC article. Why?

APC using Gej to shine.

Old Shi*t

Please am very sorry,it was a mistake..i apologize.

This guy must be from I STAND WITH BUHARI

We aff hear
When is Dullarpo coming back
[size=24pt]Kidgod [/size]

blazetitov:
Op, what have you been smoking? This is a 2010 news.

But do you know if the project is still ongoing?

caleb404:


2010 News. Don't get too excited. The dullard till remains a dullard!

the real dullard already used the funds to do election things.

princemillla:



But do you know if the project is still ongoing?

I don't think so. Nobody is building any refinery in this country except Dangote.

This one dey compete with Lai Mohammed for him job ooo, ti awon wailers ba gba e mu

Using GEJ to shine in what sense, that the project was only completed on paper This is to show you some of the irresponsibility of the ineffectual buffoon, signed a contract in 2010 and not a single block is visible till date (not to talk of refinery)

multikolour:



APC using Gej to shine.

you really known how they operate. lalastisca, myd44 come and pull down this thread.

rusher14:
I can see a coordinated attack to sell false news here.

People beware.

Someone else with a different moniker has already done the same today and infact yesterday.

Same story from 2010 being deliberately issued today so as to discredit government.

Indeed the government needs to work on the employment situation.