Sunday 27 December 2015

Nigeria To Produce 25% Of Petrol In 2016

In 2016, Nigeria will rely on 75% of imported fuel while 25‰ will be produced locally.

The Group Managing Director of Nigeria National Petroleum Corporation, NNPC and Minister of State for Petroleum, Dr. Ibe Kachikwu, disclosed this on Sunday during his tour of Kaduna Refinery and Petrochemical Company, KRPC.

His words :
“The future is that, Nigeria is still going to import fuel in 2016 and beyond. Best case situation is 25 per cent local and 75 per cent importation. Worst case is what we are experiencing now.

“Until we begin to get individuals who can co-relocate, we are going to be doing a mixture of local and importation of fuel to meet up demands. In the next few weeks, however, queues will disappear in fuel stations.”

He also said that the Fluid Catalytic Cracking unit of the Kaduna refinery will soon be fully on stream to ensure a daily production of over two million litres of petrol.

“We need to get it back to re-kit it to work well. We will do that with some level of production going on. Our concern is to have a consistent production and provision of products at all times,” he said.

0 comments:

Post a Comment

Cookies


We use Cookies to store information about visitor preferences and to record user specific data on visits and pages the user views in order to provide a custom experience.

With regard to third party advertisers, Abujacitynews has no access or control over these cookies.
You should review the respective privacy policies on third party as servers for more information on their practices and how to opt out.

If you wish to disable cookies, you may do so through you web browser options. Instructions for doing this and other cookie related management can be found on the specific web browser's websites

About

Links


This blog contains links to other blog/websites. Please be informed that Abujacity news is not responsible for the privacy practices of other websites. When you leave this blog, please read the privacy policy of every website you visit as this privacy policy applies only to Abujacitynews Blog.

Earn More

PropellerAds

Pages