Nigeria: Nigeria Signs FCFA 2,244 Billion Refinery Deal

[Cameroon Tribune]

The Nigerian government on Monday July 2, 2012 in the capital, Abuja signed a Memorandum of Understanding with a United States and local company for the construction of six modular refineries with combined capacity of 180,000 barrels per day. The MOU concerns Vulcan Petroleum Resources Limited of the US and Petroleum Refining and Strategic Reserve Limited, a Nigerian firm.