Nigeria’s inefficient refineries are unable to meet domestic fuel demand and have made Nigeria the only OPEC member to import gasoline, according to the managing director of the Nigerian National Petroleum Corporation (NNPC), and is the world’s largest petrol importer. “We actually import one million tonnes of PMS [Premium Motor Spirit] every month into a country that produces oil and gas and has refinery. It is a shameful thing, it doesn’t make sense and that is what we are trying to address,” Nigerian media quoted NNPC Group Managing Director Maikanti Baru as saying. NNPC said in February that it had imported US$5.8 billion worth of gasoline in an attempt to alleviate the fuel shortages and end the queues at the gas stations in Nigeria. During a visit to the Nigerian Customs Service on Friday, NNPC’s Baru also pointed the finger at petroleum product smugglers who have harmed the efficient […]