In a move to put Nigeria’s refineries back in shape, the Federal Government and Indorama continue their negotiations for takeover of the Port Harcourt Refining Company Limited (PHRCL). Indorama, the ccurrent owner and operator of Eleme Petrochemical Company Limited (EPCL), acquired 75% stake in 2005 of the PHRC for US$225 million after a tendering process.
For more details on Fed Govt and Indorama talks on Port-Harcourt Refinery takeover progress click here
Thursday, July 23, 2009
Fed Govt and Indorama talks on Port-Harcourt Refinery takeover progress
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