Monday 13 April 2015

INDIA, BRAZIL OTHERS CUT DEMAND FOR NIGERIA'S CRUDE

The contracts for the construction of 10 Greenfield refineries worth N8.1 trillion ($51.8 billion) have finally collapsed as investors have lost interest in executing the project.
India, Brazil others cut demand for Nigeria's crude
The Federal Government had signed the N8.1 trillion worth of Memorandum of Understanding (MoU) with various local and international investors between 2011 and 2012 for the construction of the 10 new refineries across the country.

Read more @ New Telegraph

No comments:

Post a Comment