March 27, (THEWILL)- The Federal Government has expressed concern that the rehabilitated Port Harcourt Refinery and others, including the modular refineries, may not have access to enough crude oil locally to produce petroleum products without an increase in sector production.
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, expressed this concern on Tuesday, while speaking at the ministry’s 2024 sector retreat in Abuja.
Tagged: “Building Synergy for Enhanced Development in the Oil and Gas Sector”, the minister said the purpose of the retreat was to talk about how to carry out the goals and directives that President Bola Tinubu laid forth for the ministry during the November 2023 ministerial retreat.
He said, “The first target is to see how we can ramp up production, and then we can meet our target in terms of increase in revenue, meet our obligation in the mid-stream and upstream.
“One of the challenges I am afraid of is, if we finish fixing our refineries, we will be unable to get feedstocks. It will be very embarrassing that we finish Port Harcourt, Kaduna, Warri Dangote and BUA and we don’t have feedstocks.”
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