HomeNewsNNPC in Discussions to Take 20% of Upcoming Dangote Refinery

You have reached your limit of free News posts.

Please sign up for one of our PREMIUM SUBSCRIPTIONS to continue your access to Global Energy Infrastructure. 

NNPC in Discussions to Take 20% of Upcoming Dangote Refinery

5/27/2021

The state-owned Nigerian National Petroleum Corp (NNPC) is reportedly endeavoring to acquire a 20% piece of the upcoming massive Dangote refinery in Nigeria.  This refinery has a capacity for 650,000 barrels per day and is currently expected to begin production in 2022 as the largest refinery in Africa. NNPC Chief Operating Office for Refining and Petrochemicals, Mustapha Yakubu, confirmed that discussions were progressing recently when he said, “I can tell you today that we are seeking to have a 20 per cent minority stake in Dangote Refinery.”  Mr. Yakubu added that even as renewable fuels are seeing a global focus, Africa will indeed continue to use fossil fuels for at least another coupl

LOG IN to view this news article.

Not Yet A Subscriber? Here are Your Options.

1) Sign up to receive our monthly newsletter here and gain access to all articles and resources.

2) SUBSCRIBE to Global Energy Infrastructure and gain ACCESS to premium data for the energy industry.*

 

*Access will be granted the next business day.