Monday, 28 December 2015 07:03

SHAMEFUL! "Nigeria To Rely On 75% Petrol Importation In 2016 Despite 'Functional' Refineries"

Rate this item
(0 votes)

The Nigerian National Petroleum Corporation, NNPC, yesterday, said the country will still rely on 75 per cent importation of fuel throughout the whole of next year, despite the fact that two local refineries had restarted production. The NNPC had announced earlier last week that the Kaduna Refinery had restated production. It also announced over the weekend that the Port Harcourt refinery will restart production in a week.

Speaking during his tour of Kaduna Refinery and Petrochemical Company, KRPC, the Group Managing Director NNPC and Minister of State for Petroleum, Dr. Ibe Kachikwu, said, “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. Worse 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," Kachikwu stated.

website maintenance and social media management
Do you need someone to manage the website and social media channels for your business/organization on daily basis?

Read 765 times