Nigeria Begins Petroleum Products Export December
The Nigerian National Petroleum Company Limited has assured that Nigeria will become a net exporter of refined petroleum products by December.
Its managing director Mele Kyari told the Nigeria’s National Assembly committee on finance that the Port Harcourt Refinery will start production early next month, adding that this will be followed by the one in Warri and Kaduna refineries latest by December.
Kyari said: “NNPCL and the oil and gas industry are very critical in bringing a turnaround in our current economic situation, and we understand the importance of this. We are taking every step that is practical for us to achieve this.
“We have already seen growth in our oil and gas production because of certain actions that Mr. President personally took, and also the very mere truth that we have also declared a war on production activities and this is yielding the required results.
“The combination of these two has now seen us restoring production in our country, and we believe that, as the minister has said, we will soon hit the target of two million barrels of oil production per day.
“I’m aware that there are several comments in the public space around refining business and domestic production, including production that will come from the commissioned Dangote refinery.
He added that in a few months, the daily crude oil production will hit two million barrels with the logistics so far put in place.
In the same vein, Alhaji Aliko Dangote was reported Sunday that his Dangote Refinery will pump petrol in commercial quantity also from next month, all expected to bring relief to Nigerians.
Meanwhile, the National Bureau of Statistics (NBS) put the June headline inflation rate at 34.19 per cent, pushed up by the 40.87 per cent food inflation.