Nigeria plans Q2 refinery revamp

CAPE TOWN, March 14, 2018 – Refinery rehabilitation will begin as soon as Q2, Nigerian National Petroleum Corporation (NNPC) officials said Tuesday at the African Refiners Association conference in Cape Town.

The NOC is negotiating with consortiums of traders, IOCs and services providers to overhaul its refineries and decrease the need for imported petroleum products.

“We believe that by the second quarter of this year we will […] start getting the ball rolling on the refurbishment and rehabilitation exercise and believe this will run to the end of next year,” Anibor O. Kragha, NNPC’s chief operating officer of refineries and petrochemicals, was quoted as saying by Reuters.

Although Nigeria is one of Africa’s top producers of crude oil, it imports nearly 80% of its refined fuel needs. The shortage has prompted projects ranging from module refineries to the 650,000-bpd Dangote refinery.

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