Breaking News | Africa Needs $15.7bn To Upgrade Refineries ― ARDA
Views: Visits 4 By Obas Esiedesa, AbujaAfrican Refiners and Distributors Association, ARDA, has stated that for African countries to meet the planned Sulphur level in petroleum product content, about $15.7 billion would be needed to upgrade the existing 36 refineries on the continent. Nigerian National Petroleum Corporation, NNPC, last signed a deal for complete overhaul of Nigeria’s largest refinery, Port Harcourt Refinery, for $1.5 billion. The rehabilitation is being financed by the African Development Bank. The African Union and the African Refiners and Distributors Association...
Source: thestreetjournal.org