FG woos IOCs to build refineries on joint venture

In the bid to end importation of fuel, the Nigeria government is wooing the International Oil Companies, IOCs in the country for the construction of refineries to be run on joint venture basis. The Minister of State for Petroleum, Dr. Ibe Kachikwu, also, in a statement from the Director of Press, Ministry of Petroleum Resources, Idang Alibi, made a case for the deepening of investment in the Oil and Gas sector by International Oil Companies (IOCs) operating in Nigeria. Kachikwu, who spoke at the Headquarters of the ExxonMobil, however stated…

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