Indian Oil Corporation (IOC) has begun to use diplomatic efforts to acquire controlling stakes in three Nigerian refineries, according to the All Africa News agency. The refineries belonging to Nigerian National Petroleum Corporation (NNPC) are located in Port Harcourt, Warri and Kaduna. IOC last year submitted expressions of interest to buy 51% controlling stakes…
INDIA: IOC stepping up efforts to buy into Nigerian refineries
Posted on February 11, 2005 by EnergyAsia