PENGASSAN Says Nigeria Spent $4.15bn on Refineries Before 2021

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PENGASSAN Says Nigeria Spent $4.15bn on Refineries Before 2021

LAGOS — Nigeria spent about $4.15 billion on interventions in its state-owned refineries between 1993 and 2019, the president of the oil workers' union PENGASSAN, Festus Osifo, said. He said the refineries operated below 30 per cent of capacity from 2010. The union supports bringing in Chinese partners with a 51 per cent private stake and 49 per cent for government.

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