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.
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