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Nigeria s State Oil Firm to Acquire Stakes in Six Refineries

Nigeria’s State Oil Firm to Acquire Stakes in Six Refineries Jun 01 2021, 3:52 PM June 01 2021, 3:11 PM June 01 2021, 3:52 PM (Bloomberg) Nigeria’s state-owned energy company said it’s considering purchasing shares in at least six privately controlled refineries in the West African nation to conform to a government directive. (Bloomberg) Nigeria’s state-owned energy company said it’s considering purchasing shares in at least six privately controlled refineries in the West African nation to conform to a government directive. The Nigerian National Petroleum Corp. is seeking an equity stake in the 650,000 barrels-per-day facility that Aliko Dangote, Africa’s richest person, is building outside Lagos, as well as in five other refineries that are in the development phase, to promote “national energy security,” the company said in a statement Monday.

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