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Saturday, 16 December 2017

Refining capacity growth in Nigeria will ‘substantially’ erode oil exports

Refining capacity growth in Nigeria will ‘substantially’ erode oil exports

16 December 2017, London — Nigeria’s projected growth in refining capacity over the early 2020s will ‘substantially’ erode the country’s crude oil exports due to a ‘weak’ new project pipeline, according to a new report from BMI Research. While the report hailed the projected startup of the 650,000 barrel per day (b/d) Dangote refinery by …

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