Petroleum Africa
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Wednesday, January 11, 2017
Nigerian state-run oil and gas firm, NNPC, plans to raise refining capacity in a bid to lessen the drain of expensive imported petroleum products. The company plans to increase capacity usage at its refineries to 60% by the end of the current year.
It plans to bring usage up to 80% of capacity in 2018.
The West African country’s refineries have been running far below capacity for a number of years, leaving the government dependent on imported petroleum products. According to the Department of Petroleum Resources, Nigeria’s five refineries only process crude at 20% of their combined capacity of about 440,000 bpd.
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