Local refineries to increase crude oil production – Lokpobiri

Minister of State for Petroleum Resources, Heineken Lokpobiri, said on Wednesday that the Federal Government will continue to support local refineries in the country.

Lokpobiri gave the assurance at the 2024 PENGASSAN Energy and Labour Summit in Abuja.

He said the development of local refineries would increase crude oil production, boost domestic refining, reduce dependence on imported refined products, and stimulate economic growth.

The minister added that the federal government would collaborate with the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) in the development of the national oil and gas sector and provide necessary support to local refineries in the country.

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He said: “Supporting local oil refineries will increase domestic oil refining capacity, reduce dependence on imported oil refinery products, and stimulate economic growth.

“The Federal Government remains committed to ensuring that local oil refineries thrive by creating and promoting a conducive environment for potential investors.

“Having an operating oil refinery in the country is critical to our economic growth and energy security.”

Article Local refinery to increase crude oil production – Lokpobiri first appeared on Latest Nigeria News | Headlines from Ripples Nigeria.