Indonesian engineering firm PT Intim Perkasa has expressed an interest in building a refinery in Nigeria, the West African country’s state oil company said on Wednesday.
Nigeria has been seeking investment in the sector to reduce reliance on imported oil products that consume a large portion of the OPEC member’s scarce foreign currency reserves.
Its existing, ageing refineries produce hardly any fuel after years of neglect.
A representative of PT Intim Perkasa Nigeria Ltd, a subsidiary of the Indonesian company, indicated an interest in building a modular refinery in the southern Akwa Ibom state, the Nigerian National Petroleum Corporation (NNPC) said in an emailed statement.
It would have a refining capacity of 10,000 barrels per day, said NNPC spokesman Ndu Ughamadu in the statement.
Nigeria currently has a refining…
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