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2018-07-11 08:55:00

NIGERIA'S OIL INVESTMENT $10 BLN

NIGERIA'S OIL INVESTMENT $10 BLN

BLOOMBERGAfrica's richest man, Aliko Dangote, plans to start selling gasoline, diesel and aviation fuel by early 2020 from an oil refinery he's building near Lagos, Nigeria's commercial capital. 

The $10 billion refinery, set to be one of the world's largest and process 650,000 barrels of crude a day, should be near full capacity by mid-2020, Edwin Devakumar, group executive director at Dangote Industries Ltd., said in an interview at the coastal site, about an hour's drive east of Lagos.

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Tags: NIGERIA, OIL, INVESTMENT
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