Nigeria now import petrol from Niger Republic

Nigeria now import petrol from Niger Republic

Following its commencement of crude oil production in 2011, Niger Republic now exports petroleum products to Nigeria, as the West African country’s refineries remain grounded.

Nigeria overtime has continued to suffer the minimal productivity of its three major refineries, which have been grounded to near-zero capacity utilisation with all of its refined fuel imported from other countries.

A data obtained from the African Refiners & Distributors Association (ARA) revealed that strong refinery performance in the neighbouring Niger Republic meets local fuel demand, and the excess production is exported to Nigeria, Mali and Burkina Faso.

READ ALSO: Revealed! PDP sold petrol for N600/litre – Garba Shehu

As Nigeria struggles to get its refineries working and to attract foreign investment to the downstream sector of the oil industry, Niger has built a single 20,000-barrel per day refinery with the configuration for the local market.

The facility is currently turning out liquefied petroleum gas, 7 per cent; gasoline, 32 per cent; and diesel, 61 per cent, to enable it optimise stranded crude supply.

It is worthy to note that Niger Republic built its refineries in less than three years, pushing utilisation from zero to about 90 per cent in 2019.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.