"As We Speak Today, Nigeria Is The Only OPEC Country That Imports Petrol And We Are The Largest Importer Of PMS In The World" - Baru

Dr. Maikanti Baru

Nigeria is the only member country in the Organisation of Petroleum Exporting Countries (OPEC) that imports petrol and is currently the largest importer of Premium Motor Spirit (PMS) in the world, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, said in Abuja yesterday.

Baru, who spoke through NNPC's Chief Operating Officer (COO), Upstream, Alhaji Bello Rabiu, at the 2018 Oloibiri Lecture Series (OLEF) while responding to questions from delegates, said the country had reached such import level because the refineries had not worked to their maximum capacity.

The OLEF, organised annually by the Society of Petroleum Engineers (SPE), Nigeria Council, in commemoration of the first oil well drilled in Nigeria at Oloibiri in Bayelsa State in 1956, brings together key industry players to chart the right path for the oil sector.

"As we speak today, Nigeria is the only OPEC country that imports petrol and we are the largest importer of PMS in the world," Baru said.

(DAILY TRUST)





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