Nigeria's $4.5 billion oil agreement with Vulcan Petroleum

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Source: BBC
Nigeria, the most important oil producer in Africa, has agreed to an initial deal valued at USD4.5 billion with the US company, Vulcan Petroleum, to establish six new oil refineries. The arrangement will increase the existing capacity by 180,000 barrels a day. Moreover, two factories will have working capacity by the end of 2012.
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