The NNPC revealed on Tuesday that they plan to stop the importation of petroleum products by 2019.
According to Roseline Okere of The Guardian, NNPC’s MD, Dr. Maikanti Kacalla Baru, revealed this while addressing journalists at the ongoing Offshore Technology Conference (OTC) in Houston, United States.
Baru’s representative Saidu Mohammed who is the Chief Operating Officer, Gas & Power also told the reporters that now all three of Nigeria’s refineries are producing petroleum products.
“We load out at least five to six million litres of PMS [Premium Motor Spirit] daily and about that same quantity of AGO [Automotive Gas Oil] daily from the three refineries,” he said. “That is part of what is making the PMS market in Nigeria stable today. We believe that the set target of exiting PMS importation in 2019 is achievable.”
Although the refineries are producing petroleum items, they’re still not working at full capacity. Lack of regular Turn Around Maintenance (TAM) over the years has delayed the rehabilitation of the refineries. Hence, it will take a couple of years to revive them.
He also said that an end to Nigeria’s electricity palavers might be in sight as NNPC is adding their effort to the energy sector through electricity generation and other renewable energy.
“ … NNPC has been there. Many people don’t know that the NNPC has been part of the power sector. We supply … about 1,000mw from Afam and Okpai, two of Nigeria’s most reliable power plants serving as one of the cheapest sources of power today in the country,” he noted.
NNPC has worked with Chevron and Total to build similar power plants at Obite and Agura. The Corporation is looking at bringing in new investors. “We have advertised and are currently evaluating potential partners in this regard,” he said.
The NNPC believes it will enhance its role in the power sector with its two major projects: Completion of the power plants that it has started and, most especially, the three mega power plants in Abuja-Kaduna-Kano (with combined capacity of 3000mw).