Nigeria, Africa’s largest crude oil producer and exporter, expects to end its crude-for-fuel swap deals by 2023 when its refining capacity is set to increase with state refineries revamped and a new refinery built, Mele Kyari, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), said. Nigerian refineries, which are in need of refurbishment, will be fully revamped and running by 2023, Nigeria’s ThisDay outlet reported , quoting Kyari as speaking at a virtual refiners’ conference this week. The private refinery of Nigerian billionaire Aliko Dangote is also expected to be operational by then, Kyari said. “I don’t see an extension of that process in the near future as we progress and transit into more production locally. Our plan is to deliver all of them by 2023,” NNPC’s top executive said, referring to the crude-for-product swap deals. Since 2016, Nigeria has been running the so-called Direct Sale of […]