Nigeria to Resume Crude Oil Refining in August, Industry Authorities Say

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Nigeria plans to resume local refining of crude oil in early August, national petroleum authorities announced Monday.

Abuja, Nigeria —

The Nigerian National Petroleum Company made the announcement while addressing an emergency session at the National Assembly. Lawmakers called the session to interrogate central bank authorities, the national economic management team and the NNPC about the country's economic standing. He said the other one will come into operation by the end of the year and allow Nigeria to begin exporting refined oil.

"The easiest way for Nigeria to come out of its economic problems is through the oil and gas sector," Lokpobiri said."As a sector, we have a clear plan to gradually ramp up production. Right now, we have a clear plan to see how we can get 2 million barrels and more."There was a problem processing your submission. Please try again later.They made similar announcements in December and March.

 

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