Analysts skeptical about Nigeria's bid to improve local crude refining

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Government: U.S. Agency for Global Media

Analysts skeptical about Nigeria's bid to improve local crude refining

abuja, nigeria — Nigeria has been Africa’s largest or second-largest oil exporter for years, but relies heavily on imports to meet local energy needs. The government is trying to change that, saying the country’s four moribund oil refineries will be revived and put back in operation. This week, authorities also announced a new policy that oil producers must sell a share of their crude oil to local refiners before they are permitted to export cru…