Nigeria NNPC seeks USD1 B oil prepay to revamp refinery

Nigeria NNPC seeks USD1 B oil prepay to revamp refinery
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15.01.2021

MOSCOW (MRC) -- Nigeria's state oil firm NNPC is in talks to raise around USD1 billion in a prepayment with trading firms to refurbish its largest refining complex at Port Harcourt, seven sources familiar with the discussions said, said Hydrocarbonprocessing.If the financing is concluded, the long overdue rehabilitation of the refinery should reduce Nigeria's hefty fuel import bill. It wo

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