Investors pullout looms for 20 modular refineries over crude supply
Funding for the construction of 20 modular refineries in Nigeria is at risk as foreign investors withhold their money due to a lack of guaranteed crude oil supply for the facilities. According to Eche Idoko, publicity secretary, Crude Oil Refinery Owners Association of Nigeria, the International oil companies, the primary source of crude oil in Nigeria, are hesitant to provide guarantees that crude will be available to the refineries once […]
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