The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said that Nigeria will begin to export refined petrol and other petrochemical products within the next four years if plans to ramp up the country’s domestic refining capacity work out well.



Kachikwu stated this recently in Abuja when he briefed journalists on his plans for the country’s petroleum sector.

He noted that if the plans to co-locate new refinery investments within the country’s existing refinery complexes in Kaduna, Warri and Port Harcourt become successful, and the private refinery owned by the Dangote Group comes on stream, Nigeria will produce more petrol than she needs and then export the excess.

He explained that it would take at least three years to get the co-located refineries to begin production, adding that Dangote’s is expected to come on stream between 2019 and 2020.

He said that Nigeria, which imports most of her the petrol she needs for her domestic use was working feverishly to get joint venture partners who can come in and set up new refineries in the country.

According to him: “If we do that, obviously we will have excess production capacity for refined products and bear in mind that obviously Dangote is also bringing in its refinery which probably is hitting up about 2019/2020.

The minister also talked about improving the incentives for private inves.............

Read more:http://www.nairausd.com/2016/03/kachikwu-nigeria-to-become-exporter-of.html?m=1

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we keep hearing this same story everyday.

Smh?? They are not even sure. Whats the meanining of 'if plans work out well'

Tunami:
we keep hearing this same story everyday.

Na to shift tori from the wahala wa we de hear

@LordAdams
@Tonyebarcanista
@Modath
@Lalasticlala

This man is beginning to talk too much nowaday, he should focus on how fuel can get across the nation to reduce this unnecessay queue we are facing in our petrol station

What did he mean be "dangote refinery will be co-located with existing refineries"

Oma307:
This man is beginning to talk too much nowaday, he should focus on how fuel can get across the nation to reduce this unnecessay queue we are facing in our petrol station

Welcome to the current administration.

He shouldn't be left out.

mamaafrik:
What did he mean be "dangote refinery will be co-located with existing refineries"

As a minister, I am surprised this is his plan for the nation.

Lion at talking...... Cat at actions...






BIG MTCHEWWWWW

U mean lai mohammad and crews

ifyan:

Welcome to the current administration.
He shouldn't be left out.

I thought I just read somewhere where he said is cheaper to import fuel than to refine

Oma307:
U mean lai mohammad and crews

So you know

Citizens no dey benefit from una immediately, na like 10yrs time promises una dey make, but if na to benefit from citizen by increasing tarrifs and implementing charges, na same month of implementation those ones they start.
May God give all of una miserable ending.

ckmayoca:
Citizens no dey benefit from una immediately, na like 10yrs time promises una dey make, but if na to benefit from citizen by increasing tarrifs and implementing charges, na same month of implementation those ones they start.
May God give all of una miserable ending.

That is if what he said will come to pass

buari govt has transformed dis man from d most intelligent member of APC govt to liar mohammed propaganda wanabe.

desencedants of lion mohammed

drss:
buari govt has transformed dis man from d most intelligent member of APC govt to liar mohammed propaganda wanabe.

Hmmmm

Justiyke4u:
I thought I just read somewhere where he said is cheaper to import fuel than to refine

Exactly my thought too. This govt speaks from both side of the mouth. You can win an election by propaganda and deciet but you can rule a country with it.

persius555:
Exactly my thought too. This govt speaks from both side of the mouth. You can win an election by propaganda and deciet but you can rule a country with it.

Simply the truth