Amidst Nigeria’s ongoing fuel scarcity, Senator Ifeanyi Ubah, Chairman of the Senate Committee on Petroleum (Downstream), Senator Ifeanyi Ubah, has announced plans for the full operation of the Port Harcourt and Warri refineries by the end of 2024.
He also stated that the Kaduna Refinery is slated to be operational before the end of 2025.
These efforts, along with the 650,000 barrels per day capacity of the Dangote Refinery, are expected to help the nation meet its domestic fuel demand.
Senator Ubah has urged the Federal Government and other stakeholders to collaborate on the establishment of modular refineries to further enhance the nation’s capacity to refine crude oil domestically.
“My mandate is to ensure that the refineries in Nigeria are up and functional. By my involvement, before the end of this year, two refineries will be up and running.
“Also, before the end of next year, the Kaduna refinery will come on stream. Also, the production of jet oil, and tolubricant will be produced by mid-next year.
“I can assure Nigerians that I will tirelessly pursue and ensure that these refineries are up and running before the end of the year. We have set up a technical team to visit the refineries every two weeks in order to meet the set target,” the lawmaker said.
Also, Seplat Energy, a Nigerian independent oil and gas company listed on both the London and Nigerian Stock Exchanges, has finalized plans to cease gas flaring by 2025.
The company aims to achieve this target with the commencement of the ASA North project and the Sapele gas plant, which will increase its gas supply capacity to 850 million cubic feet (SCF) per day.
The Chief Operating Officer of the company, Samson Ezugworie, who made this disclosure at the ongoing Offshore Technology Conference, OTC, in Houston, Texas, United States, said, “In the past, gas was perceived to be a bad business because all the oil and gas installations did not have a way of harnessing the associated gas from oil production. The associated gas was flayed, thus impacting negatively on the environment.
“Now, that has changed in Seplat. We have made conscious efforts to harness the associated gas by putting in place gas solutions. By the second half of 2025, we will bring routine gas flaring to an end.
