Dangote Futher Expand; Acquires Oil Refinery In The Netherlands


Dangote Industries Limited (DIL) has added to its huge acquisitions an oil refinery Twister B.V. located in the Netherlands.The $12 billion refinery would have a capacity of 650,000 barrels per day.
In his words. The President & CEO Dangote Industries Limited Aliko Dangote stated: “This was an important acquisition for us. Twister’s cutting edge gas processing technology is fundamental to delivering our strategy to unlock about 3 bcfd of gas in order to meet Nigeria’s gas needs.”

Twister B.V. Hithertho was owned by Shell Technology Ventures Fund 1, before its recent acquisition by DIL in partnership with First E&P.

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Aisha Abubakar Minister seeks U.S. support to attract investors into Nigeria

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Hajiya Aisha Abubakar, the Minister of State for Industry, Trade and Investment, has called on the U.S. to support Nigeria to attract more investors into the country. Abubakar made the call when the officials of Nigerian- American Chamber of Commerce paid her a courtesy visit in Abuja on Friday. ``America is a world leader in terms of investment and we will need your support in assuring investors that Nigeria is open and safe for business,’’ she said. Abubakar said there has been a lot of improvement in the relationship between the two countries in the last one year. She added that the country has put in place strategies to improve on its ranking on doing business. ``I thank you for the support in the area of doing business because as a result the easy of doing business committee has been constituted by President Muhammadu Buhari,’’ Abubakar said. She thanked the group for inviting and sensitising the ministry on the forthcoming U.S.-Nigeria Finance conference coming up in October. Abu...
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