Latest Nigeria News - Latest Naija Gists

Niger now exports fuel to Nigeria, one of the largest oil producing countries in Africa

WhatsApp

Niger now exports fuel to Nigeria, one of the largest oil producing countries in Africa

Niger now exports fuel to Nigeria, one of the largest oil producing countries in Africa

Niger Republic, a neighbouring country which started commerical production of oil in 2011 now exports petroleum products to Nigeria.

The three major refineries in Nigeria have been grounded to near zero capacity utilisation with all of its refined fuel imported from other countries over decades.

According to Guardian, data obtained from the African Refiners & Distributors Association (ARA) revealed that strong refinery performance in neighbouring Niger Republic meets local fuel demand, and the excess production is exported to Nigeria, Mali and Burkina Faso.

As Nigeria struggles to get its refineries working and to attract foreign investment to the downstream sector of the oil industry, Niger has built a single 20,000-barrel per day refinery with configuration for local market. The facility is currently turning out liquefied petroleum gas, 7 per cent; gasoline, 32 per cent; and diesel, 61 per cent, to enable it optimise stranded crude supply.

Niger built its refineries in less than three years, pushing utilisation from zero to about 90 per cent in 2019.

The post Niger now exports fuel to Nigeria, one of the largest oil producing countries in Africa appeared first on Within Nigeria.





Promote Your Music and Video With AfroNaija Today Please Whatsapp Dj AfroNaija On +2349092093564
What do you think about this song? We want to hear from you. Drop your comments

Aminat Aigbe

Aminat Aigbe is the first lady of afronaija and a very good blogger ( Original Mrs AfroNaija )

Related Articles

Leave a Reply

Your email address will not be published.