NNPC announces plans to upgrade refiners to reduce expense on fuel imports

By Hasit Patel

Nigeria National Petroleum Corporation (NNPC) has announced plans to upgrade its refineries in order to aid Africa’s biggest crude oil producer to significantly reduce its expenditure on fuel imports, according to African News.

With around 445,000 barrels per day (bpd) of refining capacity across four different facilities which operates substantially below the capacity as a result of mismanagement and a reduction in investment, it has meant the NNPC has had to import a large portion of the country’s gasoline.

Having hired Italy-based company Maire Tecnimont to carry out work and equipment expectations on the Port Harcourt plant, it is anticipated that the work would last around six months and is set to begin at the end of this month.

SEE ALSO:

The overhaul of the Port Harcourt refinery will be the first since the last revamp in 2000.

Due to the first phase of rehabilitation of the Port Harcourt facility, it has seen Nigeria’s effort to ensure local sufficiency in refined petroleum products boosted considerably.

Share

Featured Articles

Meet the COO: Brook Sims of MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Best business books to improve leadership strategy

From strategic guides to inspiring CEO memoirs, these new books dish up plenty of principles, strategies, and anecdotes to help you become a better leader

Shoplazza founder and CEO Jeff Li, ex Baidu, on leadership

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

The office shifts to new way of working – workplace special

Leadership & Strategy

Trailblazer: Clorox's DEI leader Shanique Bonelli-Moore

Sustainability

The inspirational CEO story – Dean Forbes of Forterro

Leadership & Strategy