Dr. Emmanuel Kachikwu, Minister of State, Petroleum, in President Buhari’s just-ended first term has said that the future of the Nigerian oil and gas sector lies in private sector refining, as a result of which the Federal Government is creating an “enabling environment to support investment.” Dr Kachikwu who said this during a parley with newsmen in Abuja disclosed that this is why government is working hard outside the public sector to support the Dangote refinery project. He also said that the modular refinery which was “a concept we used to push for peace in the Niger Delta” is currently working successfully. Three are near production point; about seven others are nearing FID (Final Investment Decision). “If those ten refineries come on board in the next two to five years, that’s another 250,000bpd refining capacity added to Dangote’s. I look at refineries from volume capacity, not physical […]