The Nigerian National Petroleum Corporation has announced a new target date of mid 2023 to get the country’s refineries functional.
In a television programme monitored by our correspondent on Sunday night in Abuja, the Group Managing Director, NNPC, Mele Kyari, also stated that it was currently impractical to float the refineries commercially and beneficially.
The NNPC boss said private investors would work with the corporation to fix the refineries, adding that the model adopted in the Nigeria Liquefied Natural Gas company could be used for refineries.Kyari said the refineries were currently dormant, but noted that the oil firm was working hard to get them back to life in order to begin domestic refining of crude.
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