First Independent Mena Newspaper
The Chairman of the National Oil Corporation, Masoud Suleiman, has identified the expansion of domestic fuel production as a strategic lever for revitalizing Libya’s economy, warning that ageing refinery designs, obsolete technologies and weak output have widened the gap between local supply and demand. He said Libya’s five basic refineries have a combined capacity of […]
Nigeria’s state-oil firm NNPC plans to revamp its refineries to help Africa’s biggest crude oil producer to save billions of dollars on fuel imports. Despite controlling the world’s 10th-largest oil reserves, Nigeria has only four aging, inefficient state-owned refineries, leaving it almost wholly reliant on imports for its fuel needs. Italy’s Maire Tecnimont won a […]