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South Africa’s Petrocam Looking To construct Refinery In Nigeria

The record of Worldwide firms wishing to build refineries in Nigeria has increased with the newest natural gas companies pa interest coming from Petrocam, a South African-based mostly oil firm, The Nation studies.

The company, which is understood for crude oil buying and selling in Africa and beyond, said its resolution was borne out of the need to discover opportunities in crude oil processing in Nigeria. The Chief Government Officer, Petrocam Buying and selling Nigeria Limited, a companion to Petrocam South Africa, Mr. Patrick Ilo stated his firm would like to improve the manufacturing and supply of gasoline in the nation by building a refinery.

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Based on him, Petrocam would take a look at the rules for building refineries, and afterwards go ahead to arrange a refinery immediately it is happy with the guidelines. On competition, Ilo stated his agency would stave off competition from different companies which might be investing in refineries if it units up a refinery. He mentioned the more investors in refineries, the better for the downstream natural gas companies pa phase of the industry.