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Mele Kyari, group chief executive officer of the Nigerian National Petroleum Company Limited, says Nigeria will become a net exporter of petroleum products by next year.
The target means that Nigeria seeks to achieve high production volumes that will enable increased export value of petroleum products than imports.energy and labour summit of the Petroleum and Natural Gas Senior Staff Association of Nigeria in Abuja, Kyari said“Today, we export 100 per cent of our production, no resource-dependent country does this and that is why we must deliver on our mandate. I don’t want to speak about it; when it is done, you will see it,” Kyari said.
“But what we must achieve is that this country must be a net exporter of petroleum products and this is within sight. “I strongly believe now, without giving you a date so that people don’t get angry again, that in 2024, this country will become a net exporter of petroleum products.“The meaning of this is that you will have sufficient volumes in-country and that you will have a delta and that is where value is created.”moribund refineries gulping state funds for maintenance.
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