PROJECT

Projects

Summary of Investment Information

Project Number

40755

Company Name

ND REFINERIES LIMITED

Date SPI Disclosed

Jan 22, 2020

Country

Nigeria

Region

Africa

Projected Board Date

Feb 28, 2020

Environmental Category

B - Limited

Status

Active

Last Updated Date

Aug 13, 2025

Department

Regional Industry - MAS Africa

Industry

Manufacturing

Previous Events

Approved : May 15, 2020
Signed : Nov 25, 2021
Invested : Aug 7, 2025

Sector

Oil Refineries

Project Description

ND Refineries Limited (NDRE) is a mini-refinery located in Ogbele, Rivers State, Nigeria. The project entails the financing of the capacity expansion, infrastructure, and environmental improvement investments of NDRE (the “Project”).                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation