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Nigeria in talks to give up majority stakes in refineries, NNPC chief says

Nigeria is holding talks to give up majority stakes in all four of its moribund oil refineries, Mele Kyari, head of the state oil firm NNPC, said on Wednesday.

He told Channels TV that discussions were taking place on an operating model in which the state oil company NNPC or the government would be a minority shareholder in the assets.

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