Nigeria, China Sign $8 Billion Refinery Accord, ThisDay Reports
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Nigeria and China have signed an agreement to build the West African nation’s biggest oil refinery at a cost of $8 billion, ThisDay reported, without saying where it got the information.
The 300,000 barrel-a-day refinery will be located in the Lekki Free Trade Zone in Lagos state, according to the report. China State Construction Engineering Corp. will take up 80 percent of the project funding, while government-owned Nigerian National Petroleum Corp. will be responsible for the rest, the Lagos-based newspaper said.