Continental Focus, International Reach

New NNPC Boss Promises Refining Increase

Wednesday, July 10, 2019

The new boss at NNPC, Mallam Mele Kyari, on July 8 promised to run the four state-owned refineries at 100% capacity before President Muhammadu Buhari’s term ends in May 2023. Currently the country’s refineries run at around 10% of their nameplate capacity, forcing the government to import more than 90% of petroleum products consumed in the country at times.

According to reports in Vanguard, the new official pledged to make Nigeria a net exporter of petroleum products before that date. As a reminder, plans to stop petroleum product imports before the end of 2019 are technically already falling behind as the planned Dangote refinery is unlikely to go into production this year.

Kyari also said that under his leadership, efforts will be made to promote and encourage public-private partnerships in the construction of conventional and modular refineries.