The Nigerian National Petroleum Corporation said on Wednesday that it had secured financing for the rehabilitation of the nation’s ailing refineries. The Group Managing Director, NNPC, Mallam Mele Kyari, disclosed this without providing details.
Kyari said the NNPC was pursuing “a different model” for the refineries, including the type used by the Nigeria LNG Limited. The NLNG is jointly owned by the Federal Government, represented by the NNPC (49 per cent), and three international oil companies, namely Shell (25.6 per cent), Total (15 per cent) and Eni (10.4 per cent)…
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