Nigerian oil firm NNPC seeks $1billion prepay to refurbish Port Harcourt refinery

Nigeria’s state oil firm NNPC is in talks to raise around $1 billion in a prepayment with trading firms to refurbish its largest refining complex at Port Harcourt, seven sources familiar with the discussions said. If the financing is concluded, the long overdue rehabilitation of the refinery should reduce Nigeria’s hefty fuel import bill. It… Read More Nigerian oil firm NNPC seeks $1billion prepay to refurbish Port Harcourt refinery