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Chinese firm to set up $7.5bn refinery in C-River

15 January 2013, 12:37

Cross-River - A Chinese firm, Sino Arab Energy, SAE, have concluded plans to build a refinery in Akabuyo, Local Government Area of Cross River State, Vanguard reports.

The firm is in partnership with a local firm, Osabo Refining and Petrochemical Industry Limited.

Agreements for the construction of the refinery which is expected to refine 107,000 barrel of crude per day have been signed.

More on Vanguard


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