Tuesday, January 21, 2014

Dangote considers buying Nigeria's oil fields

Aliko Dangote, Founder, President and Chief Executive of the Dangote Group. PHOTO/File

The Dangote Group, funded and run by the world's richest black man, Aliko Dangote, is considering the purchase of Nigerian oil fields as international companies plan to sell onshore assets in the continent’s top crude producer.

The company, which has interests from cement to sugar, needs to secure a supply of crude oil and a “substantial amount of gas” for a US$9 billion oil refinery and

More details here...

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