Petroleum Africa
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Monday, August 8, 2016
Nigeria and Spain will strengthen bilateral trade relations covering every spectrum of the oil and gas sector. This was determined during a meeting between NNPC’s MD, Dr. Maikanti Kachalla Baru and Spanish Ambassador to Nigeria, Alfonso Barnuevo in Abuja. One of the main topics was refining.
According to Baru NNPC is currently undergoing transformation which includes increasing its refining capacity. Adding that the state-run firm would work closely with Spanish firm Repsol to improve the technical capacities of the refineries.
“As you know, we have challenges with our refineries and with Repsol refining about 900,000 bpd, we can collaborate on that, going forward,” Dr. Baru noted.
“While we are fixing our refineries, we also have the opportunity to bring in more petroleum products into the country to meet our domestic needs,” he added.
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