https://en.sputniknews.africa/20240116/bids-for-private-management-of-nigerias-recently-renovated-refinery-opened-reports-say-1064635502.html

Bids for Private Management of Nigeria's Recently Renovated Refinery Opened, Reports Say

Bids for Private Management of Nigeria's Recently Renovated Refinery Opened, Reports Say

Sputnik Africa

On Saturday, the production of diesel and aviation fuel started at the Nigerian 650,000 barrel-a-day oil refinery, owned by the country's tycoon, Aliko... 16.01.2024, Sputnik Africa

2024-01-16T10:27+0100

2024-01-16T10:27+0100

2024-01-16T10:27+0100

nigeria

west africa

oil

refinery

economy

sub-saharan africa

bola tinubu

https://cdn1.img.sputniknews.africa/img/07e7/05/17/1059418246_0:55:2048:1207_1920x0_80_0_0_7dadefda9c3246d78a3122e68eae6e57.jpg

Bids for private management of Nigeria's recently renovated Port Harcourt refinery opened, media reported.The Nigerian National Petroleum Company's Port Harcourt refinery, in operation since 1965, was recently renovated, media reported. The 210,000 barrels per day complex is the largest of the state-owned facilities.The commencement of production at the Port Harcourt complex and the Dangote refinery is expected to enhance the nation's foreign exchange earnings and alleviate inflation, which escalated to 28.9% in December, partly due to the abolishment of fuel subsidies, the outlet noted.In May 2023, Nigerian President Bola Tinubu launched a series of reforms to revive the country's economy, including the removal of costly fuel subsidies and the liberalization of the foreign exchange market.

https://en.sputniknews.africa/20240113/dangote-refinery-celebrates-milestone-with-commencement-of-diesel--aviation-fuel-production-1064600422.html

nigeria

west africa

2024

News

en_EN

nigeria, west africa, oil, refinery, economy, bola tinubu