Nigeria to end petrol importation June 2023

Nigeria will not import refined petroleum products from June next year, the Nigerian National Petroleum Company (NNPC) Limited said Tuesday.

NNPC Group Chief Executive Officer, Mele Kyari, stated this at the State House Ministerial Briefing organised by the Presidential Communications Team on Tuesday in Abuja.

According to him, the refinery has a production capacity of 650,000 barrels per day.

“It can crack the crude in a manner that you can have more gasoline than a typical refinery. That means the refinery has the ability to produce up to 50 million litres of PMS. So, the combination of that and our own ability to bring back our refinery will completely eliminate any importation of petroleum products into this country,” he said.

The firm said fuel importation will stop, following the anticipated completion of the Dangote Refinery and the ongoing maintenance of the nation’s refineries.

He said: “NNPC owns 20 percent equity in the Dangote Refinery. We’re not only owning 20 percent equity, we also have the first right of refusal to supply crude oil to that plant.

NNPC also explained that it has shut down some of its pipelines due to high production costs, fire and vandalism.

According to the firm, one of its pipelines had 295 illegal connections within a 200-meter range, adding that “some pipelines and products were found in churches and mosques.”

The company disclosed that some highly placed individuals were among 122 arrested for oil theft.