Nigeria’s oil industry is poised for a significant boost as seven new modular refineries are projected to begin operations next year, according to Argus Media. The seven facilities, with a combined capacity of 83,000 barrels per day, are expected to significantly increase Nigeria’s oil processing capacity. The news comes as a timely relief for a country grappling with a persistent fuel scarcity issue. The specific locations and operational timelines for these refineries have not been disclosed, but their arrival is expected to have a positive impact on Nigeria’s energy sector and economy. As the country continues to strive towards self-sufficiency in oil production, these new refineries could play a crucial role in bridging the gap between demand and supply.
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