The Republic of Niger and Nigeria have signed a bilateral agreement to build a 150,000bpd capacity refinery in Katsina state. The petroleum feedstock and final product for this project will be delivered via a pipeline network. It is expected that product availability will help reduce smuggling and subsidy abuse.
Also, to be completed in 2020 is the Dangote refinery. Therefore, investors and analysts are optimistic that shortages of refined products will be a thing of the past by 2020.
The attached document contains a snapshot of the global and domestic developments in the commodities market.
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