The Federal Government has announced that a consortium of investors from South Korea has concluded plans to build four 100,000-barrel capacity refineries in various locations in Nigeria.
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, stated this on Tuesday at the maiden edition of a summit organised by the Crude Oil Refineries Owners Association of Nigeria in Lagos.
According to him, the Federal Government is encouraging investors to build refineries by providing an open environment for all.
Lokpobiri noted that approval was recently granted to invite the consortium, the name of which he did not mention.
