Nigeria’s continued dependence on importation of petroleum products remains a concern despite awarding over 57 refinery licences in the last 18 years and an additional five recently. To many, the country appears to be comfortable with the practice despite the effect it has on the economy.
September 2,2023. THE Organisation of Petroleum Exporting Country, OPEC, has identified Nigeria, a leading African oil producer, as the least refining member with an average equivalent of 10,600 barrels per day, bpd in five years. The nation refined an equivalent of 33,000 bpd, 8,000 bpd, 1,000 bpd, 5,000 bpd and 6,000 bpd in 2018, 2019, |
The President Bola Tinubu-led Nigerian government has promised to fix the Port Harcourt and Warri refineries to stop the country’s fuel importation by 2024. This was stated by the Minister of State for Petroleum Resources, Heineken Lokpobiri, during a working visit to the Port Harcourt Refining Company in Eleme, Rivers State.
FG to stop fuel importation February 2024 — Tinubu s minister vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
It insisted on the December 2023 completion date for the Port Harcourt refinery renovation, expressing satisfaction with the quality of work done in the