Nigeria's refinery disaster shows urgent need for regulated modular facilities
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The explosion at an illegal refinery in eastern Nigeria led to the deaths of over 100 people on Friday
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The high rate of oil theft and illegal refining has been a key issue in oil production, losing Nigeria cUS$1.8bn in Q1
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New refineries could solve the energy problem, especially modular refineries. But financing and subsidies are challenges
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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").
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