Nigeria and China sign $23billion oil deal...

Nigeria's state-run oil firm NNPC and China State Construction Engineering Corporation (CSCEC) have signed a $23bn (£16bn; 18bn euros) deal.

The two will jointly seek financing and credits from Chinese authorities and banks to build three refineries and a fuel complex in Nigeria.


The project would add 750,000 barrels per day of extra refining capacity.
NNPC hopes the construction of new refineries will stem the flood of imported refined products into Nigeria.