Nigeria To Join Big League Of Petroleum Products Exporters By December – Kyari

The Nigerian National Petroleum Company Limited (NNPCL) has announced that Nigeria is set to become a net exporter of refined petroleum products in December, marking its entry into the big league.

Mele Kyari, the Group Chief Executive Officer (GCEO) of NNPCL, made this declaration on Monday, stating that the Port Harcourt Refinery will commence full operation and petrol supply in the upcoming month.

Kyari further mentioned that the Warri and Kaduna refineries will also be operational by December.

The company shared details of Kyari’s briefing to the National Assembly Joint Committee on Finance in Abuja through its X handle on Tuesday.

The post highlighted Kyari’s participation in an Emergency Interactive Session organized by the Senate Committee on Finance, led by Senator Muhammed Sani Musa, where he engaged with other key stakeholders of the nation’s economy to address economic concerns.

The publication reads: “During the session, Kyari explained that based on emerging indicators and developments in the energy sector, Nigeria will be a net exporter of petroleum products by the end of the year.

“The GCEO also noted that the recent growth in the nation’s crude oil production was as a result of Mr. President’s Executive Orders and the ongoing war on low crude oil production embarked by the NNPC Limited and other industry stakeholders.

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“The NNPC Limited, Kyari added, will continue to live up to its mandate of guaranteeing national energy security, as stipulated by the Petroleum Industry Act (PIA) 2021.”

Assuring the Joint Committee of the National Assembly of the sector’s effort on oil production and exportation, Kyari said: 

“Mr. Chairman and members of the Joint Committee, let me just give confirmation that NNPCL and the oil and gas industry are very critical in bringing about a turnaround in our current economic situation and we understand the importance of this. We are taking every step that is practical for us to achieve this.

“We have already seen growth in our oil and gas production because of certain actions that President personally took and also the very mere truth that we have also declared a war on production activities and this is yielding the required results.

The NNPCL boss reiterated that with Port Harcourt, Kaduna, Warri and Dangote refineries, by December, Nigeria would be a net exporter of petroleum products.

He said: “I’m aware that there are several comments in the public space around refining business and domestic production, including production that will come from the commissioned Dangote refinery. Yes, this country, as we have said, will be a net exporter of petroleum products by the end of this year.

“We’re very optimistic that by December, this country will be a net exporter. That means a combination of production coming from us, and also from Dangote refinery and other smaller producing companies that we know are in line to do this.

“So I can confirm to you, Mr. Chairman, that by the end of the year, this country will be a net exporter of petroleum products.

“Specific to NNPC refinery. We have spoken to a number of your committees, that it is impossible to have the Kaduna refinery come into operation before December; it will get there in December—both Warri and Kaduna—but that of Port Harcourt, will commence production early in August this year.”