Technical Focus

Saudi Arabian investors eye Nigerian oil and gas sector

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Saudi Arabian trading group Abdel Hadi Alqatani and Sons has revealed plans to explore business opportunities in Nigeria's oil and gas sector

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Chinese firm ties up with Nigerian company to set up US$7.5 billion refinery

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Chinese firm Sino Arab Energy (SAE) and Nigerian company Osabo Refining and Petrochemical Industry Limited have concluded plans to build a refinery in Akabuyo, Local Government Area of Cross River State

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IITFC grants US$265 million loan to Egyptian oil firm

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The International Islamic Trade Finance Corporation (IITFC), a branch of the Islamic Development Bank, has provided funds worth US$265mn to Egyptian General Petroleum Corporation (EGPC)

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Syndicate of banks grant NNPC US$1.5bn loan to pay off debts

oil sxcNigerian state oil firm NNPC has been granted a loan of US$1.5bn by a syndicate of Nigerian and international banks to allow the company pay off its debts to international fuel traders

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Ghana to build US$10 million petroleum studies school

petroleum  zoniedude1Takoradi Polytechnic, located in Ghana's oil-rich western region, has revealed plans to begin the construction of a US$10mn School of Petroleum Studies in 2013

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