The Nigeria construction giant, Julius Berger, seeks to diversify its business and stay competitive.
The construction company is also considering bidding for business in other countries in West Africa including Ghana, Benin and Cote D’ Ívoire
But, Julius Berger Nigeria PLC has formed a partnership with Petralon Energy to work on oil fields in the Niger Delta region and is currently in talks with about eight power-industry investors to build generating plants in the country.
However, the Federal Government may soon achieve its objective of boosting Nigeria’s local refining capacity as an Indonesian firm has revealed plans to construct a modular refinery in the country.
The refinery will be located in Akwa Ibom State and on completion is expected to churn out 10,000 barrels of oil per day.