Shell Petroleum, a multinational oil company in the country said yesterday that it did not bother to build refineries in Nigeria because there was surplus of capacity of refineries in the world producing surplus of refined products available in the world that can meet the needs of countries.
"Actually, it is a global business. So, it isn't essential for every country to have their own refineries to do all the capacity they need in today's world because there is surplus available and therefore it means you can get that capacity and those refined products.
As long as that trade is well and disciplined and well controlled. There is a surplus of refined products available in the world that can meet the needs of countries", out-going chairman of Shell, Mr. Malcom Brinded stated.
But President Goodluck Jonathan challenged Shell Petroleum to actively participate in the federal government’s efforts at infrastructural development, especially power supply.
Speaking when he led a delegation of Shell, Upstream International on a farewell visit to President Jonathan at the presidential villa, Abuja, the Executive Director of the oil firm noted that Shell was divesting refineries all over the world because there was a surplus of refineries, and as such, it no longer owns any refineries, even in the United Kingdom.
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