Nigeria’s bid to bolster its local crude refining capacity through the construction of modular refineries has run into a hitch due to a number of factors, including funding challenges and rising cases of sabotage attacks on pipelines and oil theft, according to officials familiar with the projects.
State-run Nigerian Content Development and Monitoring Board and the Nigerian Upstream Petroleum Regulatory Commission, which are jointly managing the construction of the modular refineries along with private promoters, had listed three of such facilities to come on stream by the end of December 2021, S&P Global Platts reported on Tuesday.
