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Nigeria’s Dangote group expects $9 bln refinery to start by 2017
CAPE TOWN (Reuters) – A new $9 billion oil refinery producing 500,000 barrels per day being developed by Africa’s richest man, Aliko Dangote, is expected to come onstream in Nigeria by 2017, a senior Dangote Group official said Tuesday. The refinery, to be located in Lagos, will cut reliance on international markets for Africa’s largest oil producer, which imports more than 80 percent of its fuel needs. The lack of sufficient refining capacity is a…
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