Mon, 15 Oct 2012 00:23:12 CDT
NIAMEY - Niger's Chinese-operated Soraz oil refinery is currently operating at half its 20,000 barrel capacity due to an inability to compete with regional price levels, the West African country's oil minister said on Sunday. The refinery, 60 percent owned by Chinese state oil company CNPC and 40 percent by Niger, was inaugurated in November 2011 amid hopes it would make Niger fuel self-sufficient and bring down prices. A third of fuel production is destined for domestic consumption and the rest for export....
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