Pipelines, Storage & Power

NNPC to start construction of AKK pipeline with Chinese backing

NNPC aims to officially start construction of the 618 km Ajaokuta-Kaduna-Kano pipeline next month.
By Staff reporter 4 September 2018 0 32408

Nigerian National Petroleum Corp. (NNPC) aims to officially start construction of the 618 km Ajaokuta-Kaduna-Kano pipeline next month, the company said on Monday.

NNPC said it had received assurances from China National Petroleum Corp. that the state-owned Chinese company is committed to helping it secure up to 85% of the $2.8 billion required to build the pipeline.

Chinese lenders, including the Bank of China and the Industrial and Commercial Bank of China, will provide the...