Fix nigerias refinery before dangotes come onboard kachikwu advices fg
A very interesting and timely topic!
According to reports, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has advised the Federal Government to fix Nigeria's refineries before Dangote Refinery comes onboard. This is to ensure that the country's refineries are functioning optimally and can meet the country's domestic demand for refined petroleum products.
In an interview with Vanguard, Kachikwu was quoted as saying: "Before Dangote Refinery comes onboard, we need to fix our refineries. We need to make sure that our refineries are working at optimal levels. We need to make sure that we are producing the products that we need as a country."
Kachikwu's advice is based on the fact that Dangote Refinery, which is expected to come onboard in 2023, will have a capacity to produce 650,000 barrels of crude oil per day. This is in addition to the existing refineries, which have a combined capacity of 445,000 barrels per day.
The Minister emphasized that fixing the refineries is crucial to ensure that the country's domestic demand for refined petroleum products is met. He also noted that the refineries need to be upgraded to meet the increasing demand for refined products in the country.
Kachikwu's advice is also seen as a way to ensure that the country's refineries are not rendered redundant by the new refinery. By fixing the existing refineries, the country can ensure that they continue to play a significant role in meeting the country's energy needs.
It is worth noting that the Nigerian National Petroleum Corporation (NNPC) has been working to revamp the country's refineries, with a view to increasing their capacity and efficiency. The corporation has also been working to reduce the country's dependence on imported refined petroleum products.
Overall, Kachikwu's advice is seen as a pragmatic approach to ensuring that Nigeria's energy sector is well-positioned to meet the country's growing energy needs.