About: http://data.cimple.eu/news-article/6627d24d53640dcb6778c36cf130f2b31f71925de806c376192c7250

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About: http://data.cimple.eu/news-article/6627d24d53640dcb6778c36cf130f2b31f71925de806c376192c7250 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Nigeria said Wednesday it had approved funding of $1.5 billion (1.2 billion euros) to repair one of its biggest oil refineries shut down two years ago. Despite being Africa's number one oil producer, Nigeria has relied on imports of petroleum products because of a lack of domestic refining capacity. As part of moves to overhaul the Nigerian National Petroleum Corporation (NNPC), the government has been working to improve capacity at the country's under-performing state-owned refineries. The four facilities in Port Harcourt, Warri and Kaduna have a combined capacity to process 445,000 barrels per day (bpd). But they were shut down in 2019. The government has chosen Italian firm, Maire Tecnimont, to carry out the repair work at Port Harcourt, which has capacity of some 210,000 bpd, Petroleum Minister Timipre Sylva said. "We are happy to announce that the rehabilitation of productivity refinery will commence in three phases," Sylva told reporters. "The first phase is to be completed in 18 months, which will take the refinery to a production of 90 percent of its nameplate capacity," said Sylva adding that the second phase would be completed in 24 months and the third in 44 months. The minister said funding would come from various sources including "internally generated revenue" and a loan from the African Export-Import Bank known as Afreximbank. ea/lhd/spm
schema:headline	Nigeria approves $1.5 billion to repair key oil refinery
schema:mentions	Port Harcourt Nigerian National Petroleum Corporation Oil refinery 18 Months Kaduna Petroleum Africa Italy Nigeria African Export–Import Bank Nameplate capacity Sylva River Maire Tecnimont Timipre Sylva Warri Electronic Arts »more»
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-03-17 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	74 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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