NNPC Promises Petrol Export by 2023
The Nigerian National Petroleum Corporation (NNPC) Tuesday promised that Nigeria will be in a position to export petrol by the year 2023.
Group Managing Director, NNPC, Malam Mele Kyari made the promise on the occasion of the inauguration of a modular refinery sited in Ibigwe, Imo State .
He assured President Muhammadu Buhari who inaugurated the 5,000-barrel per day capacity Modular Refinery virtually that with small scale refineries springing up in the country including those of Dangote, others, rehabilitation of the three pants in the country, export of the product would be a reality.
In a statement by the Special Adviser on Media and Publicity, Mr. Femi Adesina, THE President said the establishment of modular refinery was one of his administrtion’s road map launched in 2018 to be one of the leading countries in petroleum products export.
Part of the inauguration was the groundbreaking ceremony for phase two of the project to expand to the capacity of 50,000 barrels per day production level.
Buhari said, “There is increased momentum in the other three focus areas under the roadmap covering the rehabilitation of existing refineries, co-location of new refineries and construction of Greenfield refineries.
”The realisation of the refinery roadmap will ultimately lead us to become a net exporter of petroleum products not only to our neighbouring countries but to the worldwide market. This modular refinery is the largest commissioned modular refinery in the country today.”
He commended the collaborative effort of the federal government through the Nigerian Content Development and Monitoring Board (NCDMB) with Waltersmith Refining and Petrochemical Company for the project.
He said he was looking forward to the expansion of the facility to begin 50,000 barrels per day production capacity.
The NNPC GMD called for private sector investment in petroleum product refining, adding that President Buhari has directed that all efforts should be on deepening local production capacity.
“On your directive, Mr. President, you have said that we should deepen local refining and local production so that we become a net exporter of petroleum within a short time.
“This is within sight and it’s not a political date. By 2023, this country will be a net exporter of petroleum in very many fronts for many reasons.
“First, there are a number of initiatives that are going on like this one today. Many of them are approaching delivery, including the Dangote refinery, plus our own refineries and we will deliver them as promised. It will be done.
“There are additional initiatives, including modular refineries, small-scale refineries and Mr. President will see them within his tenure and ultimately the objective will be achieved.”
Imo state governor, Senator Hope Uzodinma and the Minister of State, Petroleum, Mr Dipreye Silva cut the tape on behalf of the president during the inauguration.
Group Managing Director, NNPC, Malam Mele Kyari made the promise on the occasion of the inauguration of a modular refinery sited in Ibigwe, Imo State .
He assured President Muhammadu Buhari who inaugurated the 5,000-barrel per day capacity Modular Refinery virtually that with small scale refineries springing up in the country including those of Dangote, others, rehabilitation of the three pants in the country, export of the product would be a reality.
In a statement by the Special Adviser on Media and Publicity, Mr. Femi Adesina, THE President said the establishment of modular refinery was one of his administrtion’s road map launched in 2018 to be one of the leading countries in petroleum products export.
Part of the inauguration was the groundbreaking ceremony for phase two of the project to expand to the capacity of 50,000 barrels per day production level.
Buhari said, “There is increased momentum in the other three focus areas under the roadmap covering the rehabilitation of existing refineries, co-location of new refineries and construction of Greenfield refineries.
”The realisation of the refinery roadmap will ultimately lead us to become a net exporter of petroleum products not only to our neighbouring countries but to the worldwide market. This modular refinery is the largest commissioned modular refinery in the country today.”
He commended the collaborative effort of the federal government through the Nigerian Content Development and Monitoring Board (NCDMB) with Waltersmith Refining and Petrochemical Company for the project.
He said he was looking forward to the expansion of the facility to begin 50,000 barrels per day production capacity.
The NNPC GMD called for private sector investment in petroleum product refining, adding that President Buhari has directed that all efforts should be on deepening local production capacity.
“On your directive, Mr. President, you have said that we should deepen local refining and local production so that we become a net exporter of petroleum within a short time.
“This is within sight and it’s not a political date. By 2023, this country will be a net exporter of petroleum in very many fronts for many reasons.
“First, there are a number of initiatives that are going on like this one today. Many of them are approaching delivery, including the Dangote refinery, plus our own refineries and we will deliver them as promised. It will be done.
“There are additional initiatives, including modular refineries, small-scale refineries and Mr. President will see them within his tenure and ultimately the objective will be achieved.”
Imo state governor, Senator Hope Uzodinma and the Minister of State, Petroleum, Mr Dipreye Silva cut the tape on behalf of the president during the inauguration.
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