The Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, has announced
that oil companies in the country will start refining crude on or before 2019.
The minister made this known while speaking with state house correspondents shortly after meeting with Acting President Yemi Osinbajo and top management of Agip Oil Company in the Presidential Villa, Abuja on Tuesday.
According to Kachikwu, the federal government was putting in place measures in the oil sector aimed at meeting the needs of Nigeria’s local consumption before the year 2019.
He also said that part of the measures was the intention to set up a new Agip refinery with the production capacity of 150,000 bpd.
“In the meeting we dealt with the issue of Agip investment in Zabazaba field and their cooperation with us in the repairs of Port Harcourt refinery.