Mozambique signs $8 billion oil refinery deal

04 Apr, 2008

Mozambique's government has approved the construction of an oil refinery in an $8 billion deal designed to reduce the energy-hungry southern African nation's dependency on imported fuels.
The refinery in southern Maputo province will be capable of producing 350,000 barrels of refined fuel per day when it becomes operational in seven years, Mozambique's energy ministry said in a press release.

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