In a bid to resuscitate Nigeria’s moribund refineries, the Minister of State for Petroleum Resources, Timipre Sylva has announced that the Warri and Kaduna refineries would be repaired in the first half of next year.
He made this statement at the 13th Oil Trading and Logistics Africa Downstream Week where he mentioned that the Port Harcourt refinery was already undergoing repairs.
Sylva said: “Refurbishment of the existing refineries to achieve full capacity operations shall be fast-tracked: (Port Harcourt ongoing, others to follow by Q1 and Q2 2020).”
The Details: Sylva hinted that the refineries would not only be repaired but their capacities would also be increased to support the rapid infrastructural development in the sector.
“In order to have a robust, investor-friendly and stable downstream petroleum sector, the government is currently finalising clearer and more transparent regulatory framework with well-delineated activities to support the rapid infrastructural development in the sector including new refining capacities emerging in the country.”