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Nigeria Expands Refining Capacity with Three New Licenses

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Ronald Adamolekun

Ronald Adamolekun is a financial journalist with an expansive experience covering markets, energy, banking, tech and the political economy.
  • Nigeria issues refinery licenses for 140,000 bpd capacity increase
  • Move strengthens country’s position as Africa’s refining hub

Lagos, Nigeria – Nigeria is bolstering its position as a major oil refining hub in Africa, following an announcement on Friday by the country’s midstream and downstream regulator of three new refinery license awards.

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