Nigeria Plans Equity-Based Chinese Partnership to Revive State-Owned Refineries
Nigeria Considers 51% Chinese Stake in Port Harcourt and Warri Refineries Under Major Refining Reform Plan Nigeria is considering a major restructuring of its downstream petroleum sector that could see Chinese investors take majority stakes in two of its key refineries as part of efforts to restore long-stalled operations and reduce dependence on imported fuel. The Nigerian National Petroleum Company Limited (NNPC) is reportedly advancing a proposal that could grant up to 51% equity participation
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