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    Nigeria to end imports of petroleum products next year – Minister

    David GreatBy David GreatNovember 30, 2022No Comments2 Mins Read
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    Nigeria expects to stop importing petroleum products before or around the third quarter of 2023, its oil minister Timipre Sylva said on Tuesday.

    Sylva said the refurbished Port Harcourt refinery in the oil-producing Niger Delta would be delivering 60,000 barrels per day of refined crude by the end of December.

    The minister also said he still expects the new Dangote refinery to come on stream in the first quarter of next year.

    “We’re expecting that we will actually be exiting the importation of petroleum products from maybe about third quarter next year if I was to give it a longer timeframe, but I believe that even before the third quarter next year,” Sylva said.

    Nigeria’s production of crude had improved to about 1.3 million barrels per day from under 1 million barrels previously, and that the country hoped to meet its OPEC quota by May of next year, Sylva told reporters in Abuja.

    • Petroleum products importation will end by 2023 – NNPC boss

    Oil is Nigeria’s biggest export earner, but crude theft and vandalism of pipelines have cut oil and gas output, knocking the country from its spot as Africa’s top producer.

    Nigeria swaps its crude for refined petroleum products but is in the process of modernising the Port Harcourt refinery at a cost of $1.5 billion.

    With high global oil prices, Nigeria wants to refine its own fuels. Its previous efforts to revamp its refineries stalled, leaving it reliant on imports.

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    Police nab church member over kidnap of two Catholic Priests in Adamawa

    Police bust human trafficking syndicate, rescue 40 Ghanaians in Ondo 

    July 5, 2025
    Adeleke denies defection rumours

    Adeleke not defecting to APC, Osun PDP declares

    July 5, 2025
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    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    July 5, 2025
    Nine-man PSG stun Bayern to reach Club World Cup semis

    Nine-man PSG stun Bayern to reach Club World Cup semis

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    NLC vows protest if NASS attempts to decentralise minimum wage

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