The Department of Petroleum Resources , says with five built refinery plants across the country and seven in the making, Nigeria will be a net exporter of petroleum products in the next two years.
He added that the feat would be achieved through the combined capacity of 375,000 barrels per day from 27 modular refineries, 650,000 barrels from the Dangote refinery and the 450,000 barrels from the government refineries. Mr Auwalu said the aspiration of DPR was to grow the oil reserve to 40 billion barrels and gas to 210 trillion cubic feet.
“We equally have 20 floating, loading and offloading vessels, 28 oil terminals, several float stations and oil and gas processing factories,” he said. In his remarks, the minister commended the management of DPR for the measures taken to prevent the COVID-19 pandemic to cripple the nation’s economy.
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