Nigeria’s Federal Government says the nation’s refining capacity would hit over one million barrels per day in the next three years.
The Minister for Petroleum Resources, Mrs. Deziani Allison-Madueke said this yesterday in Abuja at the official opening of the Society for Petroleum Engineers (SPE) annual conference and exhibition.
The current total production capacity of the four refineries in the country is 445, 000 barrel per day.
Deziani said the refining capacity would be boosted with the coming up of three new refineries and the Turn Around Maintenance (TAM) of the four old refineries in the country.
She said: “The nation’s refining capacity would receive significant boost in the next three years, with the coming up of three new refineries and the TAM of the traditional refineries, which is now being handled by the companies that first built them to ensure that this time, the facilities will actually give us the result that we desire and take us to 95 per cent capacity utilization in all our traditional refineries.”
She said in line with the two years mandate to rehabilitate the existing refineries, the Nigerian National Petroleum Corporation (NNPC) has already embarked on consultation to ensure that the TAM takes off next year, which she said is billed to start with Port Harcourt refinery.
Speaking, the Group Managing Director of NNPC, Austen Oniwon said the corporation has engaged the service of JDP of Japan which is partnering with Tecnimont of Italy with a view to rehabilitating the old refineries by the third quarter of next year.
“We have engaged JDP of Japan, which is partnering with Tecnimont of Italy and they are presently in talks with the hope that by the third quarter of next year they will move into Port Harcourt refinery and commence rehabilitation. It is not just the Turn Around Maintenance, it is the full rehabilitation of the refineries.
He said the refineries have no limited capacity. He explained that expansion design has been done by the licensor of the unit.
He said the detailed feasibility study on Greenfield refineries was completed last July.