Posts Tagged ‘crude oil producer’

Saudi Aramco back at work to increase Saudi upstream capacities

Saudi Aramco to expand Khurais and Shaybah oil fields After years to push ahead its refining and petrochemical activities, Saudi Aramco is coming back to its upstream core business in preparing the expansion of the giant Khurais and Shaybah oil and gas fields. As the most influential member of the […]

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Dangote secures financing for Nigeria Olokola Refinery Integrated Complex

Nigeria to restore refining capacities with private loans On September 4th 2013, the Nigeria private Dangote Group (Dangote) sealed a financial agreement with 12 banks for a $3.3 billion loan to build a greenfield refinery and petrochemical complex in Olokola in the south of Nigeria. With $8 billion capital expenditure, […]

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Nigeria to rebuild Refining capacities

Dangote to invest $8 billion in new Nigeria refinery The Nigerian billionaire Aliko Dangote announced its project to build a greenfield new refinery in Nigeria in order to compensate current imports. Nigeria is the largest crude oil producer in Africa but is also one of the largest importer of fuels […]

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