Tag: Refinery Upgrade
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Dangote Refinery Taps EIL for $350 Million 1.4 Million BPD Upgrade Project
Overview of the Agreement The Dangote Group has announced a significant milestone in its ongoing efforts to expand Nigeria’s refining capacity. A contract valued at over $350 million has been signed with Engineers India Limited (EIL), a state-owned Indian firm renowned for its project management expertise in refinery and petrochemical sectors. The agreement designates EIL…
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Dangote Refinery Signs $350M EIL Contract for 1.4M bpd Upgrade
Dangote Refinery Secures Major EIL Contract for 1.4 Million BPD Upgrade The Dangote Group has announced a significant step forward in its plans to expand Nigeria’s refining capacity. Engineers India Limited (EIL), a state-owned Indian engineering firm, has signed a contract valued at over $350 million to provide project management and related services for a…
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Dangote Refinery Sign $350M EIL Contract for 1.4M bpd Upgrade
Overview: A New Phase for Nigeria’s Largest Refinery The Dangote Refinery, Africa’s largest private sector project, has secured a pivotal contract worth over $350 million. India’s state-owned Engineers India Limited (EIL) will provide Project Management services for the refinery’s ambitious upgrade to a capacity of 1.4 million barrels per day (bpd). The agreement underscores the…
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Pakistan’s IMF Loans: Review Begins as Islamabad Seeks Measures to Meet Targets
IMF Review Kickoff: What the Mission Is Seeking to Achieve The International Monetary Fund (IMF) has begun formal discussions with Pakistan’s economic authorities to review the implementation of a $7 billion Extended Fund Facility (EFF) and a $1.1 billion Resilience and Sustainability Facility (RSF). The two-week mission, launched as Pakistan’s performance under the program through…
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Pakistan’s IMF Loan Review Begins as Islamabad Seeks Reforms and Refineries
IMF Kicks Off Formal Review of Pakistan’s Loans An IMF mission has arrived in Islamabad to begin formal discussions on Pakistan’s $7 billion Extended Fund Facility EFF and the $1.1 billion Resilience and Sustainability Facility RSF. The two week review aims to assess progress against targets set under the program through December 2025 and to…
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IMF Review Begins for Pakistan’s $7 Billion Loan and RSF: Revenue Shortfalls and Green Refineries
IMF Review Begins for Pakistan’s $7 Billion Loan and RSF The IMF has started formal discussions with Pakistan’s economic authorities to review progress on the $7 billion Extended Financing Facility (EFF) and the $1.1 billion Resilience and Sustainability Facility (RSF). The two-week mission, which began with an opening meeting in Islamabad, will run through critical…