'Nigeria, others need $15.7bn to upgrade refineries'
Punch Newspapers Sections Published 4 June 2021 Nigeria and other African countries will need about $15.7bn to upgrade the existing 36 refineries on the continent, the African Refiners and Distributors Association has said. ARDA said the fund would be needed for the refineries to be able to produce petroleum products that would conform to a planned level of sulphur content. It said in a statement on Thursday that the $15.7bn would be needed for the engineering, procurement and construction processes for the upgrade of the facilities. The African Union and ARDA had planned an initiative called...
Source: punchng.com