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Nigeria Plans to Invest $60 Billion in Upgrading Existing Refineries & Building New Ones

Nigeria Plans to Invest $60 Billion in Upgrading Existing Refineries & Building New Ones

Sputnik Africa

Nigeria Plans to Invest $60 Billion in Upgrading Existing Refineries & Building New OnesThe goal is to increase oil refining volumes to 500,000 barrels per... 29.08.2025, Sputnik Africa

2025-08-29T13:32+0200

2025-08-29T13:32+0200

2025-08-29T13:44+0200

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Nigeria Plans to Invest $60 Billion in Upgrading Existing Refineries & Building New OnesThe goal is to increase oil refining volumes to 500,000 barrels per day by the end of the current decade, media reported, citing the CEO of the state-owned Nigerian National Petroleum Company, Bayo Ojulari.According to him, the company plans to:🟠revive oil refining in Nigeria,🟠increase oil production to 3 million barrels per day,🟠build large infrastructure projects in the gas industry. In general, the plans concern continuing reforms in the oil and gas industry, for the implementation of which joint ventures will be widely used.AI-generated imageSubscribe to @sputnik_africa Sputnik Africa | X

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