by Azeez Adeniyi
The Federal Government has said it is determined to stop the importation of Premium Motor Spirit otherwise known as petrol by 2019.
Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Maikanti Baru said this on the sideline of the ongoing Offshore Technology Conference in Houston, Texas, U. S.
Baru said all the refineries in the country were producing petroleum products between five and six million litres of PMS daily.
[Read Also: NNPC REDUCES IMPORTATION OF PETROL BY 45%]
Baru who was represented at the conference by the Chief Operating Officer, Gas, and Power, Saidu Mohammed said, “That is part of what is making the PMS market in Nigeria stable today, we believe that the set target of exiting PMS importation in 2019 is achievable.
“As a result lack of turnaround maintenance over the years, it will take more years to get the refineries fully back to their nameplate capacities.
“We will also bring in new refineries that will co-locate with existing ones, we are on course and I see us becoming a net exporter of products,” he said.
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