The Nigerian National Petroleum Corporation NNPC, has said it is in the process of establishing two new two hundred thousand barrels-per-day condensate refineries to boost in-country refining capacity.
Unlike the conventional refineries, condensate refineries primarily refine condensate, not crude oil.
They often produce one product, mostly Premium Motor Spirit, popularly known as petrol.
The NNPC’s Group Managing Director, Mr. Mele Kyari, disclosed this in a statement issued by the oil firm in Abuja, adding that upon completion, the refineries would help transform Nigeria into a net exporter of petroleum products.
He said the exportation of petroleum products from the condensate refineries would be achieved together with the four hundred and forty-five thousand barrel per day capacity of the existing refineries being refurbished, and the six hundred and fifty thousand barrel per day Dangote refinery.
Mr. Kyari said these complementary efforts by the NNPC and the Dangote Group would guarantee energy security for Nigeria.
He also stated that the national oil company was not in contest with the Dangote refinery for market share; rather it would provide support for the project to boost in-country refining capacity.
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