The Nigerian National Petroleum Corporation is establishing two new 200,000 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.
NNPC’s Group Managing Director, Mele Kyari, disclosed in a statement issued by the oil firm in Abuja on Monday that upon completion, the condensate refineries would help transform Nigeria into a net exporter of petroleum products.
He said the export of petroleum products from the condensate refineries will be achieved together with the 445,000bpd capacity of the existing refineries, which are being refurbished, and the 650,000bpd Dangote Refinery.
Kyari said these complementary efforts by NNPC and Dangote Group would guarantee energy security for Nigeria.
