Nigeria expects its four oil refineries to be operational by the end of next year, its new oil minister said on Friday, with the southern Port Harcourt plant seen starting as early as December.
Last year, the government said the Port Harcourt refinery will start processing crude at the end of 2022. However, successive oil ministers and NNPC Ltd executives have announced a series of unsuccessful plans to restart, revamp or expand the refineries.
"From what we have seen here today, Port Harcourt refinery will come on board by the end of the year," he said, adding that two other facilities in Warri and Kaduna will start processing crude between the first quarter and end of 2024. Nigeria, Africa's top oil producer, imports almost all its refined fuel needs to inadequate capacity and poor maintenance.
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