Nigeria Signs Moll with US Vulcan Energy to Build Oil Refineries

摘要

Abuja, Nigeria: Nigeria has signed a USD 4.5 billion Memorandum of Understanding (MoU) with Vulcan Energy, a US-based energy firm, to build six oil refineries in the country. Nigeria is Africa's largest oil producer but its refining infrastructure has largely crumbled, turning the country into a net importer, which often pays high prices for its own crude that has been processed abroad. The deal between US-based Vulcan Energy, the Nigerian government and a local firm, aims to build six refineries with a combined capacity of 180,000 bpd.