Mele Kyari, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) disclosed on Friday that NNPC has kicked off the first phase of establishing the first condensate refinery in the country.
According to a release by NNPC Acting Group General Manager, Group Public Affairs, Mr. Samson Makoji, Kyari disclosed this at the signing of the Front-End Engineering Design (FEED) phase of the condensate refinery project at the NNPC Towers in Abuja
According to the GMD,“This country expects that we secure all our petroleum products requirements in-country. We have a clear mandate from the President to stop petroleum importation and we believe this can be done.
“Condensate refining is something that we at the NNPC are very passionate about and it’s a national objective that all needs support,” he said.
He challenged the National Engineering and Technical Company (NETCO), the Engineering subsidiary of the NNPC, and KBR (a consulting engineering firm), to ensure the completion of the Front-End Engineering Design (FEED) by June, 2020, to enable the project proceed to second phase.
The NNPC GMD said Nigeria had great potential for condensate that can be leveraged to bridge the huge fuel importation deficit in the country; stressing that there was need to drive the condensate refinery project with utmost priority as the various stakeholders were upbeat about its prospects.
He assured of the corporation’s commitment to support private and indigenous companies with genuine interest in setting up refineries in the country.