The Federal Government has said Nigeria will stop importing Premium Motor Spirit (PMS) and become a net exporter of petroleum products by 2019.
Minister of State for Pe­troleum Resources, Mr.Ibe Kachikwu, said this in Port Harcourt, Rivers State when he re-commissioned the Bonny-Port Harcourt refinery crude pipeline

Kachikwu hinged his assurance of the country to be a net exporter of pe­troleum products by 2019 when the co-location refin­eries would have come on stream.
Co-location refineries are refineries located with­in existing refineries.

In Nigeria’s instance, the co-location refineries would be located within the three existing refiner­ies in Port Harcourt, Warri and Kaduna, bring the in­stalled capacity to 650,000 barrels per day from the current 445,000 per day.

‘‘Going forward, by 2019, when the co-loca­tion refineries become op­erational, the country will stop importation of petro­leum products and become a net exporter,’’ he said.

Meanwhile, the minis­ter has announced that the Port Harcourt Refining Company now produces five million litres of Pre­mium Motor Spirit also known as petrol with the Warri Refining and Petro­chemical Company also producing two million li­tres of petrol per day.
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Kachikwu equally said that Kaduna Refining and Petrochemical Company is also scheduled to start production and added that the coming on stream of the three refineries will go a long way to ensure suf­ficient supply and distri­bution of petrol across the country.
“Port Harcourt is back in production, Warri is back in production, Kaduna is receiving crude and will soon be back in produc­tion.
“Lagos is easing off now from fuel scarcity and Abuja is doing the same thing and once Kaduna be­gins production, the North will see a lot of improve­ment.”
In a related development, Kachikwu commended the contractor for the underground pipleine from Escravos to Warri and Port Harcourt refineries, Ocean Marine Solution, chaired by Capt. Hosa Okunbor, saying despite the fact that the contractor had not been paid before embarking on the job, he did a good job that would help resolve the problems confronting the oil sector.
On his part, Okunbor said: “We are very glad that, for the first time over 10 years, we are able to deliver the crude line between Esacrovos and Warri, and crude is now flowing through the pipeline which was impossible over the years. We thank God. We have created serious value for this country using our own resources, “As a company.


https://www.today.ng/news/national/111863/fuel-importationll-stop-2019-kachikwu

ok

What?

"APC is a party of "I will"...."


-Patience Ebere Jonathan.

Lol I thought Dangote and other Chinese firms are building several refineries in Nigeria....

APC

They have started again oooo. This date keeps shifting....

Chei, we don enter one chance

That is a welcome development.

I don't understand what he meant by Nigeria becoming a net exporter of petroleum products because we are already doing that right now.

If he meant refined PMS, well, most countries have refineries so they don't import refined petroleum products but they import crude oil and refine it in their domain. So I wonder the country we'll be exporting refined petroleum products to when NNPC can't comfortably meet local demands for them.

Nigeria's population has created huge market for refined petroleum products sales. So Oga Minister, satisfy the local market first before looking for whom to export the supposed "refined products" to. I just wonder which country will buy the refined products because even Niger Republic has a functional refinery.

That was how he promised us an overflow of fuel before the middle of this month, and today is 25 we still have queues in almost all the filling stations.
We need actions not words.

In 2019, an election year, they will ask for more 4 yrs of change

If this can be achieved, even by 80 per cent, then Nigeria would have changed forever

Nature129:

I don't understand what he meant by Nigeria becoming a net exporter of petroleum products because we are already doing that right now.

If he meant refined PMS, well, most countries have refineries so they don't import refined petroleum products but they import crude oil and refine it in their domain. So I wonder the country we'll be exporting refined petroleum products to when NNPC can't comfortably meet local demands for them.

Nigeria's population has created huge market for refined petroleum products sales. So Oga Minister, satisfy the local market first before looking for whom to export the supposed "refined products" to. I just wonder which country will buy the refined products because even Niger Republic has a functional refinery.

If you set no target for yourself, you achieve nothing. What they are doing is settimg a. Target for themselves on what to accomplished. And. It should be commended and encouraged.


On the issue of refined products, Nigeria can sale to African countries as well. In fact, we still sell to other neighbouring African countries though it is diverted products

Nigeria will be great... I have no doubt.

For more jokes, send APC to 419

Frankiss44:
For more jokes, send APC to 419

Lwkmdh. ..u go kill person this boy

And in 2019 Nigerians will be like APC is coming o lets run for our life