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Oil slump means Dangote Refinery berthing at opportune time

Oil slump means Dangote Refinery berthing at opportune time

by magna / Monday, 02 February 2015 / Published in Capital Market News

The refining business becomes more attractive relative to production when oil prices fall. Royal Dutch Shell Plc reported on Thursday that a fall in earnings from the upstream part of the business, pumping oil and gas, was offset by better results in refining and chemicals. This relationship between crude price and refining margins is proving…

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Source : BusinessDay

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