The new Group Managing Director (GMD) of the Nigeria National Petroleum corporation (NNPC), Mele Kyari has promised to reactivate all four refineries before 2023 during the handing over ceremony in Abuja.
Mele Kyari made this know at the amphitheater of the NNPC in Abuja, where Baru handed over to him.
The new boss is promising to raise the production targets to 3 million barrel per day and also grow its reserve to 40 million barrels.
“It is the intention of NNPC to support the industry to make sure we achieve production level of three million barrels per day and grow our reserves to at least 40 million barrels. We will achieve this and it is possible. I have already set the time for it. We will do it before 2023,” he said.
The four refineries – Port Harcourt Refinery & Petrochemical (1 & 2); Warri Refinery & Petrochemical and Kaduna Refinery & Petrochemical have installed capacity to produce 445,000 barrels per day.
He also promised that this will be achieved before the expiration of the current government administration.
“I will follow it up to make sure that before the life of this administration expires, before Baba’s (President Muhammadu) tenure ends in 2023, we will deliver on the four refineries.”
Kyari also spoke on how NNPC will help the private sector, like Dangote refinery, to boost production in the country.
In regards to how corruption will be fought, the GMD said the corporation will work hand in hand with the EFCC to take out corruption from their system.
He added that the corporation will be totally accountable to Nigerians. “It is a promise that we are going to be accountable to the citizens. The citizens will have access to what we are doing,” he said.
Baru, who became the 18th GMD of NNPC in 2016, told the Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, that the corporation’s records under his watch were clean.
Baru urged his successor to ensure regular audits of his books, reminding him of the need to focus on oil and gas development, especially in the frontier basins, and opening up of new field