Hope of reducing Nigeria’s export of its crude oil overseas for refining has been rekindled by the assurance of the Group Managing Director, GMD, Nigerian National Petroleum Corporation, Dr. Maikanti Baru that the nation will achieve at least 90 per cent refining capacity by the end of 2019. Speaking at the 50th Offshore Technology Conference, OTC, in Houston, Texas, USA, Baru stated that achieving full capacity restoration of the nation’s four refineries will transform Nigeria from being a net exporter of crude oil to being a net exporter of petroleum products. He said: “In terms of refining and production of local petroleum products, we have faced the challenge head-on and we are fully committed to the Ministerial directive of ending the importation of petroleum products before the end of 2019. “We are in talks with the original builders of the refineries to return them to at least 90 per […]