Petroleum Africa
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Friday, June 17, 2016
The Nigerian government has approved investments worth $7 billion for the establishment of a petrochemical industry and other projects in the country’s Akwa Ibom state. Ibe Kachikwu, Minister of State for Petroleum Resources, made the announcement during a town hall meeting at a local hotel in Uyo.
Kachikwu said the investment would also facilitate the construction of a 500-MW power plant being initiated by Mobil Producing Nigeria in addition to other projects. Kachikwu described the investment as the biggest in the region.
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