A consortium of investors from South Korea, as reported by the Nigerian newspaper, The Punch, recently finalized a deal with the Nigerian government to build four refineries.
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, made the announcement on Tuesday, noting that each refinery would have a minimum capacity of 100,000-barrel production per day.
He detailed the plan at the maiden edition of a summit organized by the Crude Oil Refineries Owners Association of Nigeria in Lagos.
