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We’ll deliver refineries mid 2023, says NNPC

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Okechukwu Nnodim, Abuja
The Nigerian National Petroleum Corporation has announced a new target date of mid 2023 to get the country ’ s refineries functional .
Nigeria ’s refineries in Warri , Port Harcourt and Kaduna have been dormant for several years.
In a television programme monitored by our correspondent on Sunday night in Abuja , the Group Managing Director , NNPC , Mele Kyari , also stated that it was currently impractical to float the refineries commercially and beneficially .
Kyari spoke alongside the Minister of State for Petroleum Resources , Timipre Syla , in a virtual dialogue during the programme .
The NNPC boss said private investors would work with the corporation to fix the refineries , adding that the model adopted in the Nigeria Liquefied Natural Gas company could be used for refineries.
“ In this model, NNPC is going to be the minority partner in the refineries ,” he said.
Kyari said the refineries were currently dormant , but noted that the oil firm was working hard to get them back to life in order to begin domestic refining of crude.
On his part , Sylva said the National Assembly would get and possibly begin work in earnest on the Petroleum Industry Bill in two weeks .
He expressed hopes that the bill , which had dragged for years without being passed , would become law under the current administration .
The minister insisted that the downstream oil sector had been deregulated and that petrol price would be determined by global crude oil prices .

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