Anibor Kragha, CEO of NNPC’s Refineries Division told S&P Global Platts in an interview that he expects to sign a deal with two consortiums next month, that will help increase refinery runs in the country and reduce its hefty fuel import bill and that it is also seeking investors for new greenfield refineries.

The objective of this program is to increase its current domestic refinery utilization rates to 90% from current levels of 10-20%, Kragha said speaking to Platts in Cape Town on the sidelines of the African Refiner Association conference.

He also said NNPC has undertaken feasibility studies (done by Wood Mackenzie) for four greenfield refinery projects in Lagos, Bayelsa and Kogi States and is seeking credible investors for those opportunities.

Currently, NNPC is collaborating with Eni’s AGIP/NAOC as a strategic partner in developing a proposed 150,000 b/d refinery project to be located in the Niger Delta region.

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