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The Group Managing Director of the Nigerian Nationwide Petroleum Company, Dr. Maikanti Kacalla Baru has mentioned plans are ongoing to cease importation of Premium Motor Spirit (PMS) to the nation.
This was contained in an announcement signed by the Group Common Supervisor, Group Public Affairs Division of the NNPC, Ndu Ughamadu.
In response to the assertion, The GMD, who was represented by the Chief Working Officer, Gasoline & Energy, Engr. Saidu Mohammed, on the ongoing Offshore Expertise Convention (OTC) in Houston, United States informed journalists that as at as we speak, all of the nation’s three refineries had been producing petroleum merchandise.
“We load out at the least 5 to six million litres of PMS every day and about that very same amount of AGO each day from the three refineries. That’s half of what’s making the PMS market in Nigeria steady at the moment. We imagine that the set goal of exiting PMS importation in 2019 is achievable,” he said.
He maintained that as a result of rehabilitation of the refineries has been hampered by lack of normal Flip Round Upkeep (TAM) through the years, it will take extra years to get the refineries absolutely again to their nameplate capacities.
“Don’t neglect additionally that for us to exit PMS importation in 2019, we’ve got to additionally usher in new refineries that may co-find with current ones along with the brand new ones that will likely be constructed. Then, we see ourselves as a web exporter of merchandise. On this, I can inform you that we’re on the right track,” he added.
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