OpeOluwani Akintayo Lagos — President Muhammadu Buhari today commissioned the 10MW power plant built by Eni Companies in Nigeria and…
Browsing: Oando Energy
Nigeria’s refineries operate far below their combined capacity of 445,000 barrels per day due to years of neglect, as well as theft from pipelines and sabotage.
Kragha said, “Because of what is happening and the global trend, President Muhammadu Buhari gave approval for strategic investments to be made in the refineries. So, the investment model is basically this way: strategic investors who can bring refining expertise and funding will partner local players with downstream experience to actually go into the refineries, invest money and within 24 months to get us to 90 per cent capacity utilisation.”
16 November 2014, Sweetcrude, Lagos – Oando Energy Resources Incorporated, a subsidiary of Oando Plc, has announced a net loss…