Damilola Adeyemo
ABUJA – Reports say the Nigeria National Petroleum Corporation (NNPC) has revealed that it has initiated talks with the Dangote Group about purchasing a 20 percent minority equity stake in its 650,000 barrels per day (BPD) refinery.
The Dangote Refinery, currently under construction in the Lekki Free Zone, Lagos, is expected to be Africa’s biggest oil refinery and the world’s biggest single-train facility, upon completion, this was disclosed by Mustapha Yakubu, NNPC chief operating officer, refining and petrochemicals ,as reported by THIS DAY.
In his words, he said: “We have what we call the green field refinery and the Greenfield Refining Projects Division (GRPD) of the NNPC. What we do, our strategy is to collaborate and seek strategic partnerships with private investors.
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