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NNPC to establish two gas condensate refineries

The Nigerian National Petroleum Corporation (NNPC) says it will establish two condensate refineries with a total refining capacity of 200,000 barrels per day.

The corporation made this known in a statement released on Tuesday by Ndu Ughamadu, its spokesman.

Ughamadu said that the refineries would be located at the Western Forcados Area and Assah North Ohaji South ANOH) areas of Delta and Imo state respectively.

Natural gas condensate is a low-density mixture of hydrocarbon liquids present as gaseous components in the raw natural gas produced from natural gas fields.

Ughamadu said Maikanti Baru, NNPC group managing director, announced this at the bid opening for the provision of consultancy services to carry out a feasibility study for the refineries.

He said the establishment of the green refineries is part of the strategies to eliminate the importation of petroleum products and increase gas supply to power plants.

He added that the condensate refineries which would operate along the NLNG model and grow the NNPC refining capacity from 445,000 barrels per day to 645,000 barrels per day.

“The condensate refineries are going to be fully on commercial basis and we intend to get partners that would invest,” the statement quoted Baru to have said.

“We are willing to get partners and operate in a similar manner with NLNG model, where we could just get a majority share but not a controlling share.

“When the implementation of the Petroleum Industry Governance Bill (PIGB) becomes fully operational, the National Petroleum Company (NPC) would be steady as it would be governed by the Companies and Allied Matters Act (CAMA).

“It is a great day for me and NNPC and am happy that we have got some bids from companies who are willing to carry out the feasibility study for the NNPC.

“The refineries will stem the incidences of pipeline vandalism; the refineries will also be an opportunity for the nation to restart the Aviation Turbine Kerosene (ATK) production.”

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