Nigeria’s oil refining capacity is set to soar with the country’s state oil firm announcing that two new oil refineries are being planned.
The Group Managing Director of NNPC, Dr. Maikanti Baru, made the disclosure in an interview published in the NNPC News, the Corporation’s in-house newsletter that the corporation is set to establish a 100,000-barrels-per-day brownfield refinery each in Port-Harcourt and Warri.
Speaking on efforts being made to achieve self-sufficiency in local refining besides the rehabilitation of the refineries, Dr. Baru explained that a group of investors had commenced the process of relocating a refinery that used to be owned by BP from Turkey to Nigeria to be installed near the Port Harcourt Refinery under the NNPC refinery collocation initiative.
“Our collocation initiative aimed at getting private sector investors to bring in brownfield refineries so that they can share facilities is also yielding results.
“For example, there is one that is going to be brought in from Turkey to be located near the Port-Harcourt Refinery. It’s not a modular refinery; it’s a normal refinery with about 100,00bpd capacity. It was owned by BP, but it has been sold off now to the companies that want to bring it over from Turkey to install it here”, he stated.
“There is another one of about the same size being looked at to be sited near the Warri Refinery. But the one for Port-Harcourt is at a more advanced stage. Our drive at the NNPC, as a leader in the industry, is to expand our local refining capacity and make Nigeria a global refining hub”, he said.