SWITZERLAND, JULY 09 – The incoming Grop Managing Director of the Nigerian National Petrolem Corporation, Mele Kyari has promised to reactivate all four government-owned refineries before the expiration of President Muhammadu Buhari’s tenure in 2023.
Mele Kyari said this as he took the baton from Dr. Makanti Baru as the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC).
He also pledged his readiness to work towards the delivery of the Dangote Refinery by the first quarter of next year.
Kyari plans to ensure that Nigeria achieves its production target of three million barrel per day and also grow its reserve to 40 million barrels.
The four refineries – Port Harcourt Refinery & Petrochemical (1 & 2); Warri Refinery & Petrochemical and Kaduna Refinery & Petrochemical – have installed capacity to produce 445,000 barrels per day. They have been on and off for technical reasons.
The NNPC chief said: “It is the intention of NNPC to support the industry to make sure we achieve production level of three million barrels per day and grow our reserves to at least 40 million barrels. We will achieve this and it is possible. I have already set the time for it. We will do it before 2023.”
Kyari spoke at the amphitheater of the NNPC in Abuja, where Baru handed over to him.
His words: “There is a legitimate expectation from Nigerians that why can we be oil producing country with four refineries and yet importing sometimes 100% of our requirement.
“I will follow it up to make sure that before the life of this administration expires, before Baba’s (President Muhammadu) tenure ends in 2023, we will deliver on the four refineries.”
The NNPC, under Kyari, will encourage private sector participation in revamping the refineries.
“We support the Dangote Refinery to make sure they come on stream within the shortest time. I cannot say for them but the last information we had was that they will come on stream the first quarter of 2020. We will support them with everything possible to make sure it comes on stream,” the new chief said.
Kyari said that with the modular refineries coming on board, Nigeria would become a net exporter of petroleum products at the expiration of President Buhari’s tenure.
According to him, products can now be bought without going to NNPC but what is left is taking it from the gate into the tank. “At the end of the day, you will sit on your bed, buy petroleum product and deliver it to your filling station,” Kyari said.
He spoke of fighting corruption, saying: “There will be no corruption where there is no discretion. We are going to work with the EFCC to take out corruption from our system. Leadership is about trust, I also know that there is eternal accountability we respond to. We will not make deliberate mistakes.”