NNPC Ltd dismantling bottlenecks to self-sufficient refining sector in Africa – Ojulari

The Group Chief Government Officer of NNPC Ltd., Engr. Bashir Bayo Ojulari, has reaffirmed the Firm’s dedication to dismantling structural bottlenecks hindering the realisation of a self-sufficient refining ecosystem in Africa.

Ojulari disclosed this whereas delivering a keynote tackle titled “Constructing an African Refinery Hub” on the World Neighborhood Insights Convention on the West Africa Refined Gasoline Market, which was held on the Transcorp Hilton, Abuja, on Tuesday.

In response to the GCEO, via strategic assessment and repositioning of its refineries, strategic fairness within the Dangote Refinery, condensate alternatives, and help for different third-party tasks, the NNPC Ltd. may kickstart Africa’s transformation right into a refining hub.

“NNPC Ltd. stands prepared. Able to co-create, co-invest, and co-lead in constructing an African refining ecosystem that’s inclusive, resilient, and globally aggressive,” Ojulari added.

He famous that infrastructure integration, indigenous possession, and coverage harmonisation stay important drivers of downstream transformation and are important to creating a reputable African reference market that ensures vitality safety, reduces import dependence, and powers Africa’s industrial aspirations.

The GCEO additionally counseled the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for organising the occasion and championing the dialog, which can result in Africa turning into vitality ample.

He charged stakeholders within the refining sector to maneuver from declarations to supply, from nationwide ambition to regional execution and from fragmented improvement to system-scale transformation.

“Allow us to construct, not simply refineries, however a brand new spine for Africa’s industrial age. Allow us to refine, not simply crude, however the way forward for this continent. Let our actions mirror, not simply in the present day’s wants, however the enduring aspirations of generations but unborn,” he concluded.