Foreign oil firms in talks to acquire stake in Dangote refinery

Foreign oil firms in talks to acquire stake in Dangote refinery

Dangote Group says three oil firms from Western and Middle East countries have initiated talks to buy a stake in its 650,000 barrels per day (bpd) refinery.

Devakumar Edwin, group executive director at Dangote Industries Limited, confirmed this in a recent interview with Reuters.

The Nigerian National Petroleum Corporation (NNPC) had announced that it is in talks to purchase a 20 percent minority equity stake in Dangote refinery.

Edwin told the news agency that the oil firms, who are also involved in trading and crude production, are looking to secure crude supply…

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Foreign oil firms in talks to acquire stake in Dangote refinery

 

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