APC Will cower away from this… BUHARI PIONEERED THE IMPORTATION OF REFINED PRODUCTS JUST 3 MONTHS AFTER OVERTHROWING A DEMOCRATICALLY ELECTED GOVT – HE NEVER BUILT ANY REFINERY
Brazil Wins Nigeria Pact
Published: March 14, 1984 NEW YOUR TIMES
RIO DE JANEIRO, March 13— Brazil has won an international bidding contest to refine Nigerian oil this year, the state oil company, Petrobras, announced today.
The $1.2 billion agreement calls for Brazil to import Nigerian crude and return refined gasoline, jet fuel and diesel oil to Nigeria, a Petrobras spokesman said. He added that the accord would allow Brazil to reduce its idle refining capacity and earn a margin of profit.
Brazil imports about two-thirds of the one million barrels of oil it consumes daily, mostly from the Middle East. It buys 10,000 barrels daily from Nigeria.