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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- different wording in shareholders update
different wording in shareholders update
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