The Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, in this interview on Arise News Channel, THISDAY’s broadcast arm, spoke about on topical issues, including why the national oil company is taking a 20 per cent stake in Dangote refinery. Emmanuel Addeh presents the excerpts.
Tell us why the NNPC is acquiring 20 per cent in Dangote refinery
The question is: Why would we even build a refinery in the first place? First of all, there are a number of realities like transportation, power and other things that petroleum adds to nations and populations. These are real and you can’t avoid it and of course for a resource-dependent country, we are very blessed with over 37 billion barrels reserves of crude oil and over 203TCF of gas.
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