The Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, has once again expressed fear that the newly inaugurated Dangote Petrochemical Refinery, Port Harcourt Refinery, Warri Refinery, Kaduna refinery and modular refineries in the country may not get enough crude oil locally for the production of petroleum products without increase in production in the sector.

Lokpobiri expressed this fear publicly for the third time in the last four months at the 2024 sector retreat for the ministry, held yesterday in Abuja with the theme: ‘Building Synergy for Enhanced Development in the Oil and Gas Sector.’


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The minister said the retreat was convened to discuss how to achieve the targets and mandates set for the ministry by President Bola Ahmed Tinubu at the ministerial retreat held in November, 2023.

He said: “The first target is to see how we can ramp up production, and then we can meet our target in terms of increase in revenue, meet our obligation in the mid-stream and upstream.


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“One of the challenges I am afraid of is, if we finish fixing our refineries, we will be unable to get feed stocks. It will be very embarrassing that we finish Port Harcourt, Kaduna, Warri and Dangote and BUA and we don’t have feed stocks.

Lokpobiri had first raised the issue in November, 2023, while responding to the questions asked by the State House correspondents at the end of the three-day retreat at the Presidential Villa.




Also speaking at the recently concluded seventh edition of the Nigeria International Energy Summit held in Abuja in February, the minister said the Dangote refinery alone would need up to 650,000 barrels of crude oil daily, while the government-owned ones would gulp about 450,000 barrels.

According to him, Nigeria has in the last five years slowed down investments, saying “We are the lowest in the world, if you talk of investment to reserves ratio, Nigeria is 25 per cent. Nigeria is the least in the world. Between 2017 and 2022, if you look at the figures, Nigeria’s investments compared to our reserves are 25 per cent. There is something we are not doing right.”

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The Petroleum minister opined that the petroleum sector in Nigeria had the solutions to the country’s problems in the short-term, given that 90 per cent of its foreign exchange earnings are from the petroleum sector.

He said: “We are tackling the issue of insecurity, pipeline vandalism to see how we can attract investment on a sustainable basis, not just at the upstream but also in the midstream and downstream.”

He said Nigeria, endowed with over 208 Trillion Cubic feet (TCf) in proven gas reserves, should not be grappling with energy poverty.

Dangote looks elsewhere for supply

Our correspondent reports that the purchase of two million barrels of crude from the US by the Dangote refinery has raised questions about why a petro-state isn’t using its own supply to feed the giant plant.

Built to a capacity of 650,000 barrels a day, the Dangote oil refinery has long been seen as a welcome end to a legacy of sending the nation’s crude abroad for processing, and a reliance on costly foreign currency funded imports.

In addition to handling domestic feedstock, the recently inaugurated mega-facility is capable of processing various African crudes, along with supplies from distant sources such as the US and Saudi Arabia, as disclosed by the Dangote Group earlier this month.


Daily Trust investigation has shown that Nigeria has continually failed to meet its daily production quota as set by the Organisation of the Petroleum Exporting Countries (OPEC).

According to the Nigeria Extractive Industries Transparency Initiative (NEITI), the country’s oil production declined from 2.51 million barrels per day (bpd) in 2005 to 1.77 million bpd in 2020.

NEITI reports also showed that 619 million barrels of crude valued at $46 billion were stolen in the period 2009-2020.

Recently, Nigeria’s OPEC quota was reduced from 1.742 million barrels per day to 1.38 million barrels per day. Yet, the country is still struggling to meet this quota as daily production output averaged 1.3million barrels per day.

https://dailytrust.com/no-enough-crude-for-p-harcourt-refinery-others-minister/#google_vignette

Drag your feet, drag your feet while the illegal refiners provide for the masses. Unserious country.

At least they should be feeling ashamed a little when they saying these things.

So many senseless execuses. Fix the refinery first instead setting and postponing dates.

Everyday one excuse or blame game. Una no dey tire? All their lies and propaganda about the Dangote refinery was punctured. All these senseless damage control only make the government more stupid.

Stop the illegal refinery first

Another story again

So PH refinery won’t start to refine its crude oil. Series of excuses. Now tell how will the naira not fall flat again 🐦🐦🐦🐦

Excuses Excuses Excuses. Blame blame blame

Incompetent failures

I REMEMBER TELLING SOME DUDES HERE THAT THE NIGERIAN OIL IS NOT FOR US. THEY DID NOT UNDERSTAND, NOW EXPLAIN HOW YOU HAVE EXPORT OUT TO REFINE BUT DO NOT HAVE ENOUGH TO REFINE IN YOUR OWN LAND.

IT ALL STARTED WITH CHRISTAINITY THEN COLONIZATION THEN BUSINESS.

NIGERIA IS A COMPANY, DO SOME DEEP RESEARCH ON THE COMPANY UNILIVER, MAKERS OF CLOSE UP, LUX AND OTHERS

What do we expect? When the oil fields are given to crooks, girlfriends/mistresses, traditional rulers..
In a serious country, anybody that has been allocated an oil well and his not doing the required investments to keep it productive, should forfit that oil well.
We will not attract investments into the downstream sector unless there is full transparency and security

It was obvious that the upstream will take awhile to develop capacity for local refining after long years of importation of refined products.

COMRADES, from January's take off, to February, to March and now we are hearing another cock and bull story

Over 90% of daily crude oil production goes to servicing of foreign debts.

Tinubu supported buhari to destroy the economy for 8years nothing good will come out from him.

Nigeria, a country known for boastful ,naive business men, politicians and common people .

People where shouting from rooftops that they have worlds largest refinery on a single train or whatever .
These people forgot about availability of crude oil and remembered after the completion of the construction.

How dumb people can be

News like these ridicule the image of a country

magoo10:
Over 90% of daily crude oil production goes to servicing of foreign debts.

Tinubu supported buhari to destroy the economy for 8years nothing good will come out from him.

Well then, be prepared to suffer more, no too much long talk.

Lovers of the country like Freestuffsng, Manabbqgrills, yarimo, helinus etc.

Tell us what's happening. Why all of a sudden Nigeria doesn't have crude oil again.

I thought they swore that Ph refinery will run by December 2023. Abi was it propaganda all along?

blacknp:
Well then, be prepared to suffer more, no too much long talk.

it will not be well with him and his supporters.certain

magoo10:
it will not be well with him and his supporters.certain

Definitely hand must, & done already touch you also like the plague of Moses, na why you already dey naiaraland dey wail.

blacknp:
Definitely hand must, & done already touch you also like the plague of Moses, na why you already dey naiaraland dey wail.

i sure you don dey receive your own part of the curse na why you no dey comfortable.
Am a certified wailer and i go dey wail till things change .
it will not be well for those that brought this upon innocent Nigerians

Asonaijaaso:
Maybe the government should buy from the oil thieves and bunkerers ?

Nigeria could double its production if the governement can get rid of the crude oil black market ?

The same thing that was done to Forex market, BDC's should be done to the oil sector as well.

Its time to sanitize the crude oil market. Crimes involving the high and mighties should also be addressed .

Dont chase the poor man with BDC shop with guns in Wuse market and ignore the oil thieves that buy/rent crude oil ship to transport stolen crude !

Until the Nigerian government begins to treat the mighty criminal just the way they treat common criminals, Nigeria will continue to beat about the bush.
Funny enough, the government is aware of those big time oil bunker, yet they are treating them like VIPs.

We are not ready yet.

magoo10:
i sure you don dey receive your own part of the curse na why you no dey comfortable.
Am a certified wailer and i go dey wail till things change .
it will not be well for those that brought this upon innocent Nigerians

No pity for the lazy wailers.

blacknp:
No pity for the lazy wailers.

no pity for the disgraced failures

Nlfpmod ìs NNPC producing now.