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US Firm, Barker Hughes Set To Build Oil Refinery In Nigeria

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American oil firm, Barker Hughes, has expressed interest in investing in refineries in the country, as the federal government intensifies effort to end petroleum products importation.

Nigeria, a major crude oil producer, imports all its petroleum products, which has put enormous pressure on its currency in the foreign exchange market.

But speaking during a meeting with the Minister for State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, on the sidelines of the 28th United Nations Climate Change Conference (COP28), Mr. Lorenzo Simonelli, Chairman, President/CEO of Baker Hughes, expressed keen interest in sustaining and enhancing their investment in Nigeria’s oil and gas industry, including the readiness to invest in refineries.

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Nigeria Standard Magazine: A Voice for Excellence and Innovation

Introduction

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