The Minister of State for Petroleum, Dr. Ibe Kachikwu, would soon launch a new plan to revive operational infrastructure in Nigeria’s downstream petroleum sector and open them up for private sector investments across their value chains, his aide Thursday disclosed to THISDAY.
Speaking to THISDAY in Abuja as part of a follow up on Nigeria’s recent signing of a Memorandum of Understanding (MoU) with the Niger Republic to build a 150,000 barrels per day capacity refinery at a Katsina State border town between both countries, Kachikwu’s Senior Technical Adviser (STA) on refineries and downstream infrastructure, Mr. Rabiu Suleiman, said the rebirth plan would among other things, also consider how best to utilise the various downstream assets of the Nigerian National Petroleum Corporation (NNPC) that are idle.
He noted that the country’s downstream sector was not in a good shape, and “that is why going forward, the Minister of State for Petroleum Resources is planning to launch the downstream infrastructure rebirth for the country, where we will look at various infrastructure of the downstream – pipelines, tank farms and all other facilities – how adequate are they for this country”.
Source: THISDAY
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