Wednesday, April 17, 2013

Dangote Plans 400,000 bpd Oil Refinery In Nigeria

Africa's richest man, Aliko Dangote, plans to invest up to $8 billion to build a Nigerian oil refinery with a capacity of around 400,000 barrels a day by late 2016, the tycoon told Reuters on Tuesday.

It would almost double Nigeria's refining capacity–currently 445,000 barrels per day among four refineries.
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