Importing of petroleum Products to reduce by 60% in 2018-Kachikwu

Dr. Ibe Kachikwu, the Minister of state for Petroleum Resources has announce the Federal Government's plan to reduce importation of petroleum products from the present 95% to 60% by 2018.
 The Minister made this known at the Rainoil 20th Anniversary Lecture organised by the company in Lagos on Wednesday.
 The theme of the anniversary was: "The Nigerian Oil and Gas Industry Opportunities, Challenges and Prospects of the Downstream Sector."

 Kachikwu said that with the proposed construction of modular refineries in the Niger Delta and more investments in the sector, the importation of refined products would be reduced to 60% by 2018.
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