Africa's Biggest Oil Producer Can't Beat Fuel-Imports Addiction
- Country is making fifth attempt in 12 years to fix refineries
- Failure would prolong need to swap its prized crude for fuels
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Africa’s biggest oil producer is trying to get its refineries working in an attempt to wean itself off imported fuel. Yet again.
Over the past 12 years, Nigeria tried and failed four times to crank up its aging and unprofitable crude-processing plants. Now the state-run energy company is giving it another shot -- a move that, if successful, could end the nation’s reliance on fuel imports. However, the country’s recent track record means there’s skepticism about the latest effort.