Deanshanger Project Limited (“Deanshanger”), a leading infrastructure development and finance group in Nigeria, have agreed to enter into a joint venture with CityView to acquire a 55,000 bpsd crude oil refinery for installation in the Delta state of Nigeria. Ownership will be CityView one-third and Deanshanger two-thirds. The financing to acquire CityView’s share will be undertaken by a syndicate of European investors. The refinery will produce LPG, jet fuel, kerosene, gasoline, diesel and other related products which are currently short in the domestic market and therefore being mostly imported from outside Nigeria
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