Nigeria to announce refinery investors in coming month -oil minister

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ABUJA, Feb 19 – Nigeria plans to announce the private investors in refineries in the coming month, its junior oil minister said on Monday.

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Emmanuel Ibe Kachikwu said he wants Nigeria to have a floating production storage and offloading (FPSO) unit for the production and processing of hydrocarbons, and for the storage of oil in 10 years.

Nigeria’s refining system means it is almost wholly reliant on imports for the 40 million litres per day of gasoline it consumes.

Babatunde Akinsola
Babatunde Akinsolahttps://naija247news.com
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

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