Nigeria's NNPC to conduct feasibility study for oil refinery
LAGOS, (Reuters) - Nigeria’s state oil company plans to conduct a feasibility study for setting up two condensate refineries with a total capacity of 200,000 barrels per day (
The Nigerian National Petroleum Corporation (NNPC) said in a statement it planned to set up the condensate refineries in partnership with private partners in the southern states of Delta and
Maikanti Baru, NNPC’s managing director, said the commission had received bids from companies willing to conduct the feasibility study for the NNPC.
Nigeria currently has a 445,000
NNPC earlier this month said it was considering plans to establish a 100,000
Baru said the condensate project was part of strategies aimed at eliminating imports of petroleum products and guaranteeing energy security in Nigeria.
Africa’s richest man, Aliko Dangote, is building a 650,000
NNPC will seek partners to invest in the project, Baru said, adding the initiative would increase NNPC’s refining capacity to 645,000
Legislation aimed at overhauling Nigeria’s oil industry
However, sources familiar with the matter told Reuters the presidency had rebuffed the landmark oil industry reform bill in its current form and sent it back to parliament over sections that deal with
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