Hyundai Heavy to build LPG tanks in Nigeria

Hyundai Heavy Industries Co, one of the world’s largest shipbuilders and industrial equipment manufacturers, said Thursday it has received a US$58 million order to build 15 bullet tanks for storing liquefied petroleum gas (LPG) for a Nigerian firm.

Hyundai Heavy said it is set to deliver the tanks to Nigeria’s Dangote Oil Refining Company, Africa’s largest refinery, beginning in April 2019.

Shares in Hyundai Heavy were trading at 123,500 won (US$114) as of 2:15 p.m., down 3.52 percent from the previous session’s close.

0

More Top Stories

Advancing Environmental Restoration: Progress on the Centre of Excellence in Ogoniland
Breaking News: The Rivers Assembly Moves To Investigate the State Chief Judge, Simeon Amadi, For Alleged Age falsification
Man Seeking Driving Job For Father Loses N50,000 To Scammer In Rivers
Obey Rule Of Law, Youth Leader Urges Fubara
Rivers Socio-Cultural Group Condemns Natasha’s Suspension, Seeks Senate Reform
Support NDDC, President Tinubu Charges Niger Delta Stakeholders

Leave a Reply

Your email address will not be published. Required fields are marked *