Nigeria Will Become Net Exporter Of Petroleum Products In 2024 – NNPC

The NNPC boss said Nigeria shouldn’t be exporting 100 percent of its crude as it is doing today.

The Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, projects that Nigeria will become a net exporter of petroleum products by next year.Speaking at the PENGASSAN Energy and Labour Summit 2023 in Abuja on Monday, Kyari said as a resource-dependent country, Nigeria should not be exporting 100 percent of its crude as it does at present.

“So, I don’t want to tell you we are going to revamp our refineries. That is too much of PowerPoint talks. So, it will be done and you will see it. I don’t want to speak about it, we are tired of speaking about it. According to him, this means Nigerians will have sufficient volumes in the country and those that can leave the country.

During an inspection tour of the rehabilitation work progress at the Port Harcourt Refining Company Ltd. plant, in Port Harcourt, the Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, said the Port Harcourt refinery would be back on stream by December.

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