Work will soon begin on the USD 1.5 billion private oil refinery to be sited at Ode-Aye in Okitipupa Council area of the state following the arrival of the foreign partners to the state. The MoU of the refinery was signed between the state government and the foreign partners last year. The foundation laying of the refinery will take place tentatively in March next year while production would commence before the year 2008.
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