‘Nigeria, others need $15.7bn to upgrade refineries’ - Punch Newspapers

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Nigeria and other African countries will need about $15.7bn to upgrade the existing 36 refineries on the continent, the African Refiners and Distributors Association has said.

It said in a statement on Thursday that the $15.7bn would be needed for the engineering, procurement and construction processes for the upgrade of the facilities. In his address at a workshop organised by ARDA with the theme, ‘Upgrading African refineries to produce cleaner fuels,’ the association’s Executive Secretary, Anibor Kragha, said West and Central Africa with 12 refineries would need $6.28bn capital expenditure for refineries upgrade.

 

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