consider gas to petrol plant
An Excerpt from Punch Online Magazine
By Clara Nwachukwu
Published: Thursday, 3 Apr 2008
The Federal Government has opened talks with the ExxonMobil
Corporation on the possibility of condensing gas to petrol.
This is in a bid to enhance product availability and eliminate the perennial
scarcity being experienced by consumers.
President Umaru Yar’Adua muted the idea when the Chairman, ExxonMobil, Mr. Rex
Tillerson, visited him on Friday in Abuja to review existing plans.
The President told the Ministry of Energy to begin talks with ExxonMobil on the
proposal to build a new gas-to-gasoline plant.
The GTG plant on completion is expected to produce as much as 100,000 barrels of
petrol a day from natural gas.
According to Yar’Adua, “Such a concept was feasible and would provide additional
supply of petrol for the nation.”
Accordingly, he directed the Nigerian National Petroleum Corporation to ensure
“adequate and timely” funding of joint-venture agreements.
Nigeria, Africa’s largest oil producer, still imports a majority of its
The Department of Petroleum Resources’ third quarter report for 2007, indicated
that the nation’s four refineries operated at only 11 per cent of their
Two of the refineries, in Warri and Kaduna, were recently reopened after being
shut for almost two years following militant attacks.