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NNPC To Fix Nigeria’s Four Refineries, Raises Crude Production To 3 Mbpd By 2023

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The Nigerian National Petroleum Corporation (NNPC) plans to fix the country’s four gasoline refineries before the end of 2023 and boost crude production to three mbpd, its newly inaugurated chief executive has said. 

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he new Group Mele Kyari said the new NNPC management would transform the country into a net exporter of petroleum products before the end of the tenure of President Muhammadu Buhari.
Nigeria currently depends largely on importations of refined petroleum in spite of its position as Africa’s biggest producer of crude and top OPEC member.
The new NNPC boss hinted that the corporation would encourage Public Private Partnership in the revamp of the refineries and would also support the involvement of private individuals in building of conventional and modular refineries.
He noted that under his watch, NNPC would provide the much-needed incentives that would help the petroleum industry grow crude oil production to three million barrels per day and shore up the country’s crude oil reserves to 40 billion barrels.
“I assure you that we will follow up to ensure that within the life of this administration — before President Muhammadu Buhari’s tenure ends in 2023 — we will deliver on the four refineries. NNPC’ll be accountable, transparent.”
He promised that the NNPC would be accountable to all Nigerians, meaning that every Nigerian would have access to all its activities, noting that in the nearest future, the NNPC would make it possible for individuals to order and pay for petroleum products online and get it delivered to their petrol retail stations.
Kyari vowed to carry all stakeholders along, stating that the NNPC would work with other agencies in the petroleum industry to deliver the benefits of the petroleum industry to the Nigerian populace.

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