National Wire About Nigerians, Nigerian Business and Other Stories
A group of investors have commenced the process of relocating a refinery hitherto owned by British Petroleum (BP) from Turkey to be installed near the Port Harcourt Refinery in Nigeria under the NNPC refinery collocation initiative.
The refinery with capacity for 100,000 barrels-per-day brownfield refinery is under the collocation initiative designed to boost local refining capacity to end the era of petroleum products importation.
Group Managing Director of NNPC, Dr. Maikanti Baru in an interview published in the NNPC News, the Corporation’s in-house newsletter said another refinery with similar capacity was also being planned for Warri as parts of efforts to achieve self-sufficiency in local refining besides the rehabilitation of the refineries.
“Our collocation initiative aimed at getting private sector investors to bring in brownfield refineries so that they can share facilities is also yielding results.
“For example, there is one that is going to be brought in from Turkey to be located near the Port-Harcourt Refinery. It’s not a modular refinery; it’s a normal refinery with about 100,00bpd capacity. It was owned by BP, but it has been sold off now to the companies that want to bring it over from Turkey to install it here”, he stated.
Dr. Baru further explained that a similar plan to establish a brownfield refinery near the Warri Refinery was also in the offing.
“There is another one of about the same size being looked at to be sited near the Warri Refinery. But the one for Port-Harcourt is at a more advanced stage. Our drive at the NNPC, as a leader in the industry, is to expand our local refining capacity and make Nigeria a global refining hub”, he said.
The full interview entitled, “PIGB’ll Make Us More Profit-Driven – Baru” is published in the NNPC News, a monthly publication of the Corporation.
