Nigeria’s state-run oil firm Nigerian National Petroleum Corporation (NNPC) on Friday reassured Oando, ONGC Mittal Energy (OMEL), and other oil firms that it fully supported building the OPEC member’s first crude refinery in more than 20 years.

Mohammed Barkindo, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), said NNPC will partner investors to develop the Lekki Greenfield Refinery near the commercial capital Lagos with the aim of starting production in 2017.

Nigeria’s four state-owned refineries have failed to keep pace with surging domestic demand for electricity and gasoline, forcing Africa’s biggest energy producer to import 85% of its fuel needs. Read the rest of this entry »

Tags: African Petroleum, China, Eni, India, Lagos, Lekki Greenfield Refinery, Levi Ajuonuma, Mittal, Mohammed Barkindo, Nigeria, Nigerian National Petroleum Corporation, NNPC, Oando, Oil and Gas, OMEL, ONGC, ONGC-Mittal Energy, OPEC, Organization of the Petroleum Exporting Countries, Tianjin Energy Resources, Total