The Federal Government said it plans to stop refined petroleum products importation within the next two years, after it was done with the turn around maintenance, TAM, of its traditional four refineries, which first phase has commenced with thePort Harcourt refinery.
Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, gave the hint yesterday, while speaking to journalists on the sidelines of the ongoing 5th OPEC International Seminar inVienna,Austria.
The minister, who was responding against the background of the observations by panellists at the first day of the conference that high oil prices affect the economies of developing nations more than the others, said the move would reduce the impact of oil volatility on the Nigerian economy
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