{"id":473950,"date":"2021-10-27T13:27:51","date_gmt":"2021-10-27T13:27:51","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=473950"},"modified":"2021-10-27T13:27:51","modified_gmt":"2021-10-27T13:27:51","slug":"nigeria-3-billion-in-investment-opportunities-in-condensate-refineries","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/10\/27\/nigeria-3-billion-in-investment-opportunities-in-condensate-refineries\/","title":{"rendered":"Nigeria: $ 3 billion in investment opportunities in condensate refineries"},"content":{"rendered":"
<\/div>

The Nigerian National Petroleum Company (NNPC) has revealed nearly USD 3.097 billion in investment opportunities in the country\u2019s condensate refinery space.<\/p>\n

Indeed, the company stressed that it needed $ 1.6-2.7 billion to improve the supply and distribution of petroleum products, renovate liquefied petroleum gas (LPG) infrastructure and build factories. of compressed natural gas (CNG).<\/p>\n

Nigeria’s demand for petroleum products is forecast to increase from 15.1 million tonnes in 2020 to 17.3 million metric tonnes by 2025. \u201cThe country would need a refining capacity of about 1, 52 million barrels per day (MBPSD) to meet its gasoline needs over the next 4 years, \u201dsaid Mallam Mele Kyari (photo), group general manager of NNPC.<\/p>\n

The country, he says, needs a refining capacity of around 1.52 million barrels per day (MBPSD) to meet its needs over the next four years.<\/p>\n

As a reminder, the federal government, with the signing and implementation of the Petroleum Industry Act (PIA), sought to attract investment that has eluded the oil and gas sector for decades.<\/p>\n

The need for more investment is due to the expected increase in global oil demand from 90.6 million b \/ d in 2020 to 108.2 million b \/ d in 2045, after the pandemic.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

The Nigerian National Petroleum Company (NNPC) has revealed nearly USD 3.097 billion in investment opportunities in the country\u2019s condensate refinery space. Indeed, the company stressed that it needed $ 1.6-2.7 billion to improve the supply and distribution of petroleum products, renovate liquefied petroleum gas (LPG) infrastructure and build factories. of compressed natural gas (CNG). Nigeria’s<\/p>\n","protected":false},"author":536116,"featured_media":451927,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12032,12036],"tags":[20026,20028,20029,20027,38],"class_list":{"0":"post-473950","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-commodities-en","8":"category-sectors","9":"tag-3-billion","10":"tag-condensate","11":"tag-condensate-refineries","12":"tag-investment-opportunities","13":"tag-nigeria","14":"post_format-post-format-aside","15":"pmpro-has-access"},"yoast_head":"\nNigeria: $ 3 billion in investment opportunities in condensate refineries - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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