Nigeria’s quest for self-sufficiency in the refining of petroleum products, especially Premium Motor Spirit (PMS), is bearing fruit as AIPCC Energy is putting infrastructure in place to refine 50,000 barrels per day (bpd) of crude oil by 2024. The Chairman, AIPCC Energy Limited, Mr Micheal Akemere Osime, made this known, on Thursday, in Abuja, when he visited Mr Farouk Ahmed, the Chief Executive Officer, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). In addition, he said that partnering with their Chinese investors, the AIPCC has a five-year plan to increase production to 30,000bpd by 2023 and 50,000bpd by 2024. Mr Farouk Ahmed, the Chief Executive Officer, NMDPRA commended the AIPCC for its investment which will lead to self-sufficiency in petroleum products refining in Nigeria, in line with the Authority’s mandate of boosting local refining to meet demand. The content of the article published by these online platforms is not new; it has been recirculated several times and has been debunked.AIPCC energy targets local refining of 50,000bpd by 2024AIPCC energy targets local refining of 50,000bpd by 2024

Source: Nigerian Tribune November 26, 2021 06:48 UTC