Afreximbank Earmarks $3bn to Support Locally-refined Petroleum Products

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•Goldman Sachs, Citi, Morgan Stanley cut crude forecasts


Emmanuel Addeh in Abuja


The African Export–Import Bank (Afreximbank), a key investor in oil and gas projects, has earmarked $3 billion to finance the purchase of refined products within Africa as part of broader plans to boost refining capacity, a senior executive told Reuters yesterday.

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