Politics

NNPC says refineries will start functioning well by mid-2023

Mr. Mele Kolo Kyari, the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC)

The Nigerian National Petroleum Corporation (NNPC) has promised to deliver the country’s oil refineries by 2023.

The Group Managing Director of NNPC, Mele Kyari, while speaking on Sunday night in Abuja noted that the NNPC would partner with private investors to fix the Warri, Port Harcourt and Kaduna refineries.

Kyari who spoke alongside Timipre Sylva, the Minister of State for Petroleum Resources, in a virtual dialogue noted that the model adopted in the Nigeria Liquefied Natural Gas company would be used for the refineries.

“In this model, NNPC is going to be the minority partner in the refineries,” he said.

The NNPC boss noted that work is ongoing to get the refineries back to life in order to begin domestic refining of crude.

In his own statement Mr. Sylva noted that the National Assembly would get and possible start working on the Petroleum Industry Bill in two weeks. He expressed hope that the bill would become law under the administration of President Muhammadu Buhari.

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