Nigeria’s Minister of State for Petroleum Ibe Kachikwu, said on Tuesday in Abuja that the refineries in Nigeria could not meet local demand of petrol even if they function at optimal capacity.
Kachikwu told the Senate Committee on Petroleum (Upstream) that the refineries if repaired, could not even meet up to 50 percent of demand. He said that the design of the refineries had already created gaps in refining petrol even if the refineries were to function at full capacity. “The design of the Nigerian refineries was such that the component of PMS versus other products was almost a 50/50 percent relationship. Most world refineries now provide PMS to about 70 to 80 percent ratio,” he said. The minister added that the ministry was striving to utilise other sources of refining petrol, while also depending on the coming on board of private refineries like Dangote refinery. He said that the non-performance of the refineries was due to a number of factors, including fraud and lack of holistic maintenance.
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