Nigeria National Petroleum Corp’s group general manager, Mele Kyari, told Dubai-based Gulf Intelligence in a webcast interview that Nigeria is keen to halt gasoline imports by building new refineries and revamping old ones.

Nigeria shut down its four ailing refineries with a capacity of about 450,000 b/d in mid-December 2019, in the hope of upgrading them.

Kyari said they would come on stream by 2022 or 2023.

The refineries have operated sporadically due to years of neglect, forcing Africa’s largest crude producer to rely heavily on imports to meets its domestic fuel needs. Nigeria typically consumes 1 million-1.25 million mt of gasoline a month.

Nigeria also hopes that the increase in output from the four state-owned refineries, coupled with output from the 650,000 b/d privately-owned Dangote refineries, would help it end gasoline imports

Nigeria also wants to build a condensate refinery with a capacity of 200,000 b/d by 2022.

 

Source: Platts

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