NNPC unfolds plan to bridge 20ml PMS gap
The Nigerian National Petroleum Corporation Thursday disclosed how it planned to bridge the 20million liter shortfall in the nation’s Premium Motor Spirit refining capacity.the plan in his presentation titled “The Roadmap for Energy Sustainability in Nigeria,” in the Society of Petroleum Engineers Oloibiri Lecture Series and Energy Forum 2019 at Abuja.
According to him, based on Nigeria’s Energy consumption current and forecast, statistics showed an increase from 6GW in 2015 to 30GW by 2025 and the primary source of the current power supply is hydro and gas. These improved in-country refining capacity plan ensures Nigeria’s domestic crude oil plan ensures Nigeria’s domestic crude oil utilization of up to 66% with its attendant local.”is the largest economy in Africa and dominant in the West African sub-region, with an increasing energy demand.
that evolving new funding mechanisms for the Joint Venture operations was part of the focus of the reforms undertaken by Government to gas developments worth over $3billion despite the depression in 2016/201 7. This demonstrates the faith in our Industry and the potentials we can unlock.
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