India secures $450 million refinery contract in Nigeria
after close1 source ↓written by the desknot a recommendation
- contract with Nigeria's
- $450 million
- greenfield refinery
- 700,000 BPD
- in 2023-24
- $7.89 billion
India's engineering sector is making strides globally, with Engineers India Limited (EIL) signing a $450 million contract with Nigeria's Dangote Group. EIL will act as the Project Management Consultant for a 700,000 BPD greenfield refinery, enhancing East Africa's energy security and reducing import reliance. This deal underscores the growing economic ties between India and Nigeria, with bilateral trade reaching $7.89 billion in 2023-24.
Not investment advice. For informational purposes only.