See The Trick NNPC Wants To Use To End Fuel Importation
Nigeria wants to end fuel importation by 2019.
That is the target it has set for itself. Whether it would come to pass is another matter entirely.
The country is also counting on the refinery being built by Africa’s richest man, Aliko Dangote in Lagos to make magic happen.
But now that there are feelers that Dangote’s refinery may not be ready until 2022, the men in charge of Nigeria’s oil business are hatching another plan to end fuel importation.
So, it is in line with that plan that the Nigerian National Petroleum Corporation on Tuesday announced plans to establish a 100,000-barrels-per-day brownfield refinery each in Port Harcourt (Rivers State) and Warri (Delta State).
It said the plan was part of its refinery collocation initiative designed to boost local refining capacity to end the era of petroleum products importation.
NNPC added that a group of investors had commenced the process of relocating a refinery that used to be owned by British Petroleum, BP from Turkey to Nigeria.
The Group Managing Director, NNPC, Maikanti Baru, disclosed this while speaking on efforts being made to achieve self-sufficiency in local refining besides the rehabilitation of Nigerian refineries.
He was quoted as saying that “the collocation initiative aimed at getting private sector investors to bring in brownfield refineries so that they can share facilities is also yielding results. For example, there is one that is going to be brought in from Turkey to be located near the Port Harcourt refinery.
“It’s not a modular refinery; it’s a normal refinery with about 100,00bpd capacity. It was owned by the BP, but it has been sold off now to the companies that want to bring it over from Turkey to install it here.”
Don't forget to share this story with your friends