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Is this the next OPEC member to fall?
Posted By -NO AUTHOR- On 05/13/2013 @ 12:20 am In Money,World | No Comments
(OILPRICE) — The wealthiest man in Africa said he’s secured billions of dollars in loans to help kick start the refinery business in Nigeria.
OPEC-member Nigeria is forced to import most of its petroleum products because of aging infrastructure. Crude oil production in Nigeria has suffered in recent years because of militant campaigns and sabotage in the Niger Delta region.
Last month, the rebel Movement for the Emancipation of the Niger Delta said it was launching a campaign to save Christianity in Nigeria. With militant group Boko Haram seeking to establish an Islamic state in a country divided along religious lines, poorly maintained refineries may be the least of Nigeria’s concerns.
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