India's Mittal Energy To Build 180,000 bpd Refinery In Nigeria

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India's Mittal Energy To Build 180,000 bpd Refinery In Nigeria

Post  nex on Mon Aug 16, 2010 10:26 pm



ONGC Mittal Energy Ltd (OMEL) is looking to build a 180,000 barrel-per-day (bpd) refinery in Nigeria, India's oil minister Murli Deora said on Tuesday.

OMEL, a joint venture of state-run Oil and Natural Gas Corp (ONGC.BO: Quote) and the Mittal Group (ISPA.AS: Quote), operates two deepwater exploration blocks -- OPL-279 and OPL-285 -- in Nigeria, Deora told lawmakers in a written reply.

OMEL's steering committee, which helps identify economically viable projects in the African nation, in January approved setting up a 180,000 bpd refinery to export petroleum products using Nigerian crude as a feed stock, he said.

On July 22 the steering committee approved a plan to carry out a detailed feasibility study on the project, he added.
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