Nigeria in talks with firms to revamp oil refineries

Nigeria’s state oil firm NNPC is in the final stages of talks with two consortiums that include top traders, energy and oil companies to revamp its rundown refineries. The move is aimed at helping Nigeria, Africa’s biggest crude producer, save billions of dollars on fuel imports. the two consortiums would be paid via the offtake of refined products rather than cash, obliging them to revive the refineries and keep them running smoothly to ensure they earn profit from their investments. Nigeria… READ MORE : http://www.africanews.com/2018/02/28/nigeria-in-talks-with-firms-to-revamp-oil-refineries Africanews on YouTube brings you a daily dose of news, produced and realised in Africa, by and for Africans. Africanews is the first pan-African multilingual media outlet, unique in its concept and vision. Subscribe on our Youtube channel https://www.youtube.com/c/africanews and receive all the latest news from the continent. Africanews is available in English and French. Website : www.africanews.com Facebook : https://www.facebook.com/africanews.channel/ Twitter : https://twitter.com/africanews