Nigeria’s crude oil refining capacity has further reduced to just 6,000 barrels per day (bpd), according to data obtained from the Organisation of the Petroleum Exporting Countries, (OPEC). In its latest Annual Statistical Bulletin 2023, OPEC said the country’s capacity to refine its crude oil went from 33,000 bpd in 2018 to 6,000 bpd in 2022. The country’s crude oil refining capacity was down by 33 per cent last year from 5,000 bpd in 2021. According to the oil cartel, Nigeria has an average refining capacity of 10,600 bpd in…
Read MoreNigeria’s refining capacity crashes to 6,000bpd – OPEC
