Nigeria: Govt to Compel Oil Firms to Build Refineries in Nigeria

19 February 2018

The Federal Government, Monday, stated that it is considering a policy whereby multinational oil and gas firms operating in the company would be compelled to build refineries in Nigeria.

Speaking at the ongoing Nigerian International Petroleum Summit, NIPS, Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, stated that in the not-too-distant future, multinational oil firms would no longer be allowed to ship out all the crude oil they produced in Nigeria, noting that emphasis would shift to local production of substantial portion of crude oil produced in the country.

...

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.