The Nigerian Midstream and Downstream Petroleum Regulatory Authority has once again issued a license for the construction of three refineries in Nigeria.

The downstream sector deals with the petroleum after it has been extracted. This sector is therefore concerned with research, design, development of equipments and processes involved in refining the ...

Refineries transform crude oil into valuable products, gaining when oil prices drop. Refining stocks offer portfolio balance, particularly as hedges against oil price flux. High utilization and ...