“It’s practical to hit 2.2mn bpd in 2023, this is practical. It’s a moving target,” Kyari said. “There are a number of projects that I have clear line of sight that can come on board in 2023.”
The major Dangote Refinery project, near Lagos, will come on stream “latest by the middle of next year”, Nigerian National Petroleum Corp. (NNPC) head Mele Kyari has said.
Nigeria is benefiting from higher oil prices, the International Monetary Fund (IMF) has said, but its deficit will widen this year.
Dangote Industries will commission its 650,000 barrels per day refinery by the end of the year, officials have told African Development Bank (AfDB) president Akinwumi Adesina.
Nigerian National Petroleum Corp. (NNPC) plans to approve overhaul contracts on the Warri and Kaduna refineries in July and greenlight new condensate facilities swiftly thereafter.
As with the global industry, African exploration and production plans hit the COVID-19 and oil price-crash roadblock.
Africa Finance Corp. (AFC) is turning to opportunities in the downstream in an attempt to tackle the continent’s import problem.
Waltersmith Petroman’s modular refinery has been completed and will begin operations on October 14, the Nigerian Content Development and Monitoring Board (NCDMB) has said.
The Nigerian National Petroleum Corp. (NNPC) has rejected calls to move its tank farms, saying this should wait until refineries have been rehabilitated and the Dangote Refinery started.
Mammoet has begun demobilising its heavy-lift equipment at the Dangote Refinery complex, in Nigeria, although the plant is now expected to start up in late 2022.