NNPC TO ESTABLISH TWO NEW CONDENSATE REFINERIES

The Nigerian National Petroleum Corporation has said it will establish two condensate refineries with a total refining capacity of 200,000 barrels per day at Western Forcados Area and Assa North/Ohaji South Areas of Delta and Imo states.

Natural gas condensate is a low-density mixture of hydrocarbon liquids that are present as gaseous components in the raw natural gas form and is produced from natural gas fields.

The NNPC Group Managing Director, Maikanti Baru, said the condensate refineries which would operate along the NLNG model would increase the nation’s revenue base, provide jobs and save a lot of foreign exchange for the country.

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