Tuesday, July 6, 2010

China to build $8bn oil refinery in Nigeria

It will be the first of three refineries under a deal signed in May between Nigeria's state oil company, NNPC, and the China State Construction Engineering Corporation (CSCEC).

The refinery will be built in the Lekki free trade zone of Lagos, Nigeria's biggest city.

The Chinese will cover 80% of the cost, and NNPC 20%, while the state of Lagos will provide land and infrastructure. read more

No comments:

Post a Comment