VICE PRESIDENT PRESIDES OVER FEC MEETING 8. L-R; Minister of State Petroleum Resources, Dr Emmanuel Ibe Kachikwu, The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru and Minister of Power, Works and Housing, Babatunde Fashola during the FEC Meeting held at the Chambers in Abuja. PHOTO; SUNDAY AGHAEZE. MARCH 14 2018
Oil & GasTop Story

Kachikwu: Modular refineries can’t solve petrol supply deficit

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Minister of State for Petroleum Resources, Ibe Kachikwu, has said contrary to the believe in certain quarters, the proposed modular refineries in the Niger- Delta region  of the country cannot bridge the petrol supply deficit Nigeria is currently experiencing.

“Modular refinerie wasn’t supposed to provide a sufficient solution to your product needs, he said Wednesday at the end of the Federal Executive Council (FEC) chaired by Vice-President Yemi Osinbajo.

“Modulars are on the average between 2000 and 5000 maybe 10,000 at most capacity per refinery, your consumption is about 630,000 barrels per day. That is not the essence of modular, what modular was supposed to do for us is provide work within some of these communities where people are busy doing illegal refining, it’s not meant to address the refining product gap we have in the country. we are hoping that those gaps will be covered by a mixture of the three or four refineries that government owns currently, Warri, Port Harcourt and Kaduna and of course the Dangote refinery of 600 barrels.”

He explained that the modular refineries would essentially address the menace of illegal crude oil refining rampant in the Niger Delta, while saving the environment and providing more legal opportunities for the youth of the area.

Kachikwu pointed out that Nigeria’s dependence on importation of petrol would be adequately checked by fixing the existing four refineries to full production capacity by 2019 as well as the upcoming Dangote Refinery in Lagos, the proposed Nigeria/Niger joint refinery and another private refinery under construction.

 

 

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