Nigeria will stop petrol importation, begin export by 2019 – NNPC boss

By the year 2019, Nigeria is not only aiming to end fuel importation but to becoming a net exporter of the product, the Group Managing Director of the Nigerian Petroleum Corporation (NNPC), Dr Maikanti K. Baru, has said.

Speaking at the 7th OPEC International Seminar in Vienna, Austria, Baru told the participants that the narratives about Nigeria are fast changing since the beginning of the present administration in the country.

He said: “Our goal to become a net exporter of refined products by year 2019 is on course. There are ongoing discussions to revamp all the four (4) existing local refineries utilizing private capital in the form of a contractor financing model. “This represents a shift in our investment model and serves as a springboard for redefining the commercial framework for midstream investment in Nigeria.”

Source: Daily Trust

You may also like...

Leave a Reply

Show Buttons
Hide Buttons
%d bloggers like this: