Kachikwu confirms $2.5bn needed to face-lift Nigerian Refineries

He said the visit to Saudi Arabia became necessary due to common ground between the countries and the success of the country in the

sector. Kachikwu disclosed that the visit yielded positive results, which may lead massive investment from Saudi Arabia, including an independent refinery. “We want to leverage on the huge success of Saudi government in terms of petroleum. Last year alone. Saudi Aramco, an equivalent of NNPC is made about $200 billion as profits last year.