Global refinery expansion is coming just as product demand struggles, Bank of America Securities (BofA) analysts have warned.
The Nigeria Gas Transportation Network Code (NGTNC) is officially up and running.
Nigeria is in the process of shifting its refining model away from Nigerian National Petroleum Corp. (NNPC) ownership, bringing in private ownership similar to that seen at Nigeria LNG (NLNG).
While the big goal of tackling its sclerotic oil industry is still languishing, Nigeria has been racking up progress in its gas sector.
Aliko Dangote, Africa’s richest man, plans to buy London-based Arsenal soccer team within four years.