Malam Mele Kyari, Group Managing Director, NNPC

Government to build new refineries as ailing ones resume operations 2023

Isola Moses | ConsumerConnect

As Nigeria continues to contend with the realities of exporting majorly crude oil while importing refined products into the country in today’s global economy, Malam Mele Kyari, Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), has said that the government is keen on stopping gasoline imports by building new refineries and refurbishing the ageing ones.

The country shut down its four ailing refineries with a capacity of about 450,000 b/d in mid-December 2019 in the hope of upgrading them.

Malam Kyari, in a webcast interview with Dubai-based Gulf Intelligence, said stated that they would come on stream by 2022 or 2023, says EnergyMixReport.

An inoperative oil refinery in Nigeria

The nation’s refineries, it was learnt, were said to have operated irregularly due to years of neglect, thereby forcing Africa’s largest crude producer to rely heavily on imports to meets its domestic fuel needs.

Source further disclosed that Nigeria typically consumes between 1 million and 1.25 million MT of gasoline a month.

Meanwhile, Nigeria hopes that the increase in output from the four state-owned refineries, coupled with output from the 650,000 b/d privately-owned Aliko Dangote refineries, would help it end gasoline imports.

The country as well desires to build a condensate refinery with a capacity of 200,000 b/d by 2022, said the report.

Kindly Share This Story