NIGERIA: Dangote considers buying oil fields for Nigerian refinery & PC project

Dangote's project includes construction of a 400,000-b/d refinery and a 600,000-t/y polypropylene plant, expected to be completed by 2017.

Due to armed attacks, crude theft and persistent violence, international oil and gas companies are selling onshore assets in Nigeria.

Dangote Group "believes it can manage unrest and aggrieved communities in the region with corporate social initiatives," said Bloomberg quoting Dangote Group Executive Director Devakumar Edwin.

"We know the terrain much better, we know the risks and we believe that the risks can be managed," Edwin added.

Source: Weekly "PetroChemical News", Durham, NC, USA; 10 Feb 2014
(Syed Rashid Ali, Karachi, Pakistan)