Why Refineries Are Not Attracting Investment’

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A cap on the price of petroleum products is the major reason the downstream oil sector, especially domestic refining, has remained undeveloped, Head Energy Research, Eko Bank Limited, Dalapo Oni, has said. In an interview, he said once the government fully deregulates the sector, private refineries would sell at market-determined prices to make profit. According to him, refineries would continue … Read More