Plans by the Nigerian government to fix Nigeria’s moribund refineries and make them work in utmost capacity will not materialise until 2020, Ibe Kachikwu, Nigeria’s oil minister has said.
Mr Kachikwu spoke in Lagos on Monday at the 18th edition of the International Biennial Health Safety and Environmental (HSE) Conference on the oil and gas industry in Nigeria organised by the Department of Petroleum Resources (DPR).
Also, contrary to his earlier claim of 2019, Mr Kachikwu said Nigeria’s refinery capacity will reach expected 1.1 million barrels per day in 2020. The minister said this will be achieved when Dangote Petrochemical refinery’s 650,000 bpd, Nigeria’s four refineries of 450,000bpd capacity and three modular refineries come on stream.
Last year, Mr Kachikwu had in an interview with BBC vowed to resign if Nigeria continues to import fuel by 2019. In the interview, which lasted 23 minutes, Mr. Kachikwu promised to deliver on the completion of the refineries, noting that he was committed to delivering a future for oil in Nigeria.
Source: Premium Times