Business
Nigeria Imports 85% Of Petrol, Begins Rehabilitation Of Refineries
By Chuks Ekpeneru
Nigeria is still importing 85% of its petrol needs, the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari has said.
Speaking during the 3rd edition of the Nigeria International Petroleum Summit (N.I.P.S.) 2020 with theme: “Widening the Integration Circle: Technology, Knowledge, Sustainability, Partnership” in Abuja, Kyari, however, said that the organization is carrying out the rehabilitation with the collaboration of technical partners.
Mallam Kyari added that already the Phase 1 of the rehabilitation work on the Port Harcourt Refinery had begun with Phase 2 work in the offing.
“We will continue to support the Dangote refinery and the other modular refinery projects in the country to guarantee energy security for Africa. Nigeria welcomes foreign investors to invest in the Oil and Gas Industry. 2020 is year of gas. Nigeria will deepen domestic gas use and monetization of our huge gas resources,” Mallam Kyari said.
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