Home Electricity Repairing refineries, Commercialisation of gas – Kachickwu’s 2018 plan

Repairing refineries, Commercialisation of gas – Kachickwu’s 2018 plan

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Galveston, UNITED STATES: An oil refinery is pictured 22 September 2005 on Galveston Bay in Texas City, TX. Hurricane Rita threatens a large portion of the US oil and gas operations industry in the Gulf of Mexico and along the Texas coast just weeks after a devastating blow to the sector from Katrina. Oil producers and refiners were attempting to secure their facilities in the face of a storm that threatens about 27.5 percent of the industry, said Red Cavaney, president of the American Petroleum Institute. AFP PHOTO/Robert SULLIVAN (Photo credit should read ROBERT SULLIVAN/AFP/Getty Images)

More electric power utilisation may be witnessed across Nigeria as early as 2018 if the ongoing plans by the Minister of State for Petroleum Resources, Ibe Kachikwu becomes a reality. The minister agrees that infrastructures being used in the country are dilapidated and must be repaired. ”Infrastructure is key to us, our infrastructure is 30/40 years old, completely dilapidated and can’t be funded by the government anymore. “I am working with the NNPC and DPR to launch our infrastructure masterplan and bring people who can invest in them.”

He disclosed the plans on Monday via a Podcast in Abuja, were he highlighted projects themed “the big picture of 2018 and early 2019”. He mentioned the main focus of the ministry for next year and beyond. “First are the refineries. I have talked about this over again, it is important that we get these refineries working”.

Kachikwu re-empasised the need for Nigeria to exit importation in 2019, “we are happy Dangote is working very hard and bringing back the timeline for the completion of his refinery”. “If we can do that, we are going to be saving the country over 30 per cent of forex application on importing petroleum products.”

On gas flaring, he stated that commercialisation has been launched and that the ministry is still engaged in deep dialogue with the oil companies to ensure that total compliance and the ending of gas flaring in all gas flare sites. #Nas

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