New $50B Refinery Project Led by Binl Consortium in Ondo State Boosts Nigeria's Oil Sector
A consortium, led by Binl, is spearheading a 500,000 barrels per day refinery project in Ondo State's Free Trade Zone. The $50 billion investment is set to be one of Nigeria's largest private sector ventures in the oil and gas industry.
Key figures like Ken Nnamani and Henri Owonka are driving the project, with support from Governor of Ondo State and Oba Obateru Akinrutan. The initiative aims to transform Ondo State into a refinery and export hub in Southwest Nigeria, emphasizing job creation, local infrastructure development, and international partnerships.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
Read full article
Continue on Legit NG
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Ondo State Governor Announces $50 Billion Refinery Investment Deal
Backbone Infrastructure Secures Funding for 500,000bpd Refinery in Ondo State
Dangote Plans to Make Nigerians Part Owners of Refinery, Eyes Fuel Dominance in West Africa
Dangote Refinery Expands to 1.4m Barrels per Day, Becoming World's Largest
Dangote to Expand Refinery, Aims to Become World's Largest
Dangote's Refinery Project in Nigeria Faces Challenges Amid Oil Dysfunction
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
