Nigeria, Aug. 29 -- The Nigerian National Petroleum Company Limited (NNPC Ltd), Group Chief Executive Officer, Bayo Ojulari, on Thursday, said the company requires a minimum of $60 billion to have additional refining capacity of 500,000 barrels per day by 2030.

Mr Ojulari disclosed this while speaking during a courtesy visit of the leadership of the Nigeria Extractive Industries Transparency Initiative (NEITI) to the NNPC Towers on Thursday.

He explained that the company was mandated to grow oil production to 3 million barrels per day by 2030 and increase gas production to a minimum of 20 billion cubic feet per day.

"In terms of our own aspirations, you saw the mandate we got from the president around when we were appointed, around gro...