Nigeria plans 60% local refining capacity before the end of the year


January 22, Nigeria is a giant oil producing nation with four oil refineries yet largely depends on oil imports.
pipeline vandalism has become a drain on the nation’s economy.

The Nigerian National Petroleum Corporation (NNPC) had talks with some external licensors to undertake process audits on its four refineries in Port Harcourt, Warri and Kaduna.

Once the process audit is concluded, its importation of petroleum products into the country would reduce and the capacity utilization of the refineries is expected increased to 60 per cent by the end of 2017.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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