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.
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