Nigeria has announced plans to build modular refineries with capacity of between 20,000 to 25,000 barrels per day to boost domestic fuel supply. Mr. Tim Okon, Group Coordinator, Planning and Strategy, Nigerian National Petroleum Corporation, NNPC, who disclosed this, explained that this has becomes necessary after efforts to get investors to invest in building bigger refineries failed to yield positive results.
He further stated that the Federal Government is already working on the modalities of the project and is presently considering the economic benefits and the environment impact assessment, among others. He said, “The government is working on a policy to develop modular refineries, of 10,000 to 25,000 barrels per day. This will be implemented once we are able to finalize the issue of the economics, the environmental impact assessment, and other logistics.”
