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Nigeria Secures Chinese Agreement for Refineries

Publication Date: 6/16/2010
Author: Manuela Zoninsein
Format: HTML

Description:
Nigeria’s state-run oil company, the Nigerian National Petroleum Corp., signed a memorandum of understanding in June with the China State Construction Engineering Corp. Ltd. to create three oil refineries and a petrochemical plant. Each refinery in the $23.8-billion deal would have a production capacity of 250,000 barrels per day, according to Xinhua, China’s official news agency.

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