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NNPC to bridge supply gap

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, says the corporation plans to bridge the gap of petroleum products supply in the country.

Baru disclosed this while fielding questions from newsmen after a facility tour of Lee Engineering and construction Firm, in Warri Delta, on Saturday.

“Obviously, with the coming of Dangote Refinery and full rehabilitation of our refineries, there will be supply of 427,000 barrels per day of refining capacity.” He stated.

“He said the corporation was also looking at co-locating two refineries from Europe as part of its programme to meet the supply demand.

Mr Baru explained that the corporation was also looking at condensate production to help mitigate the situation.

The GMD noted that the country could get condensates that could augment the overall supply saying “ we will be demand neutral in terms of meeting our demand’’

“Our plans is to see that more refineries are in place, So beyond 2025,’’ he said.