Alujain’s Natpet to build petrochemicals complex in Nigeria

28/03/2011 Argaam

Saudi National Petrochemical Industries Company (Natpet), a subsidiary of Aljuain Corporation, will build a petrochemicals complex in Nigeria with investments worth USD 3.5 billion, said Nigerian oil minister Deziani Allison-Madueke.

The minister told Reuters that Nigerian government signed a memo of understanding with the company on the planned project, without giving further details.

The complex is set to become the largest in sub-Saharan Africa, the minister added.

Reuters quoted Natpet’s Matouq Jannah as saying the company will spend an initial USD 3.5 billion on the project.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.