THE Nigerian National Petroleum Corporation, NNPC, yesterday, predicted that the nation needed about $2.7 billion worth of investment to enable it meet the rising demand for petroleum products. In his keynote address at the 15th Oil Trading and Logistics, OTL, Africa Petroleum Downstream Expo 2021, in Lagos, the Group Managing Director of NNPC, Mele Kyari, noted that about $3.097 billion investment opportunities existed in condensate refineries, while $1.6 – $2.7 billion was required by NNPC to improve the supply and distribution of petroleum of products. This, he noted, would also be used to revamp Liquefied Petroleum Gas infrastructure and build Compressed Natural Gas plants. Kyari, who was represented by Mr Adetunji Adeyemi, Group Executive Director, Downstream of the NNPC, said that Nigeria needed a refining capacity of about 1.52 million barrels per stream day (MBPSD), from the current 445,000 barrels per day, to meet its petrol requirement […]