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Nigeria Oil Minister Expects the Country’s State-owned Oil Refineries Operational by the End of 2024

8/28/2023

Heineken Lokpobiri, the new Oil Minister of Nigeria, stated recently that refurbishment plans at the country's four state oil refineries are continuing and will be completed by the end of 2024. These refineries have been considered very inefficient and decrepit for some time, and Nigeria is hoping to eventually end fuel imports to the country.

Regarding the status of the rehabilitation efforts, Mr. Lokporibi stated that the “Port Harcourt refinery will come on board by the end of the year” and that the 110,000 bpd Kaduna refinery and the 125,000 bpd Warri refinery should be repaired and operational by the end of 2024. Port Harcourt includes two units for a total of 210,000 bpd.

Nigeria is the top oil producer in Africa, but it imports nearly all its refined fuel due to the condition of these facilities. This could change with a successful rehabilitation of the existing state refineries and with the new 650,000 bpd privately owned Dangote refinery recently launched in Lekki, Nigeria.