The Nigerian government’s obsession with owning and running refineries is costing the country an average of N10 billion monthly, without producing any petroleum products despite several so-called Turn-Around-Maintenance (TAM) activities announced in the past. For the umpteenth time, Africa’s biggest oil producer is attempting again in 2021 to get its refineries working, with the objective…
Tag: refineries
Will Nigeria’s refining renaissance happen in 2021?
For the umpteenth time, Nigeria is trying yet again in 2021 to get its refineries working in an attempt to wean itself off imported fuel. Africa’s biggest oil exporter is dependent on imported petrol, despite never-ending rehabilitation and turnaround maintenance. Now in 2021, the state-run energy company is giving it another shot that, if successful,……
If FG run refineries it will keep having the same problems— Osinbajo
Vice President Yemi Osinbajo on Monday said that the refineries will keep having the same problems if they are run by the federal government. READ ALSO: $1m imposed levy, Osinbajo leaves for Ghana Daily Times understands that the Vice President speaking at a virtual meeting organised for the All Progressives Congress (APC) social media bloggers…
Govt should not own, run Refineries, Osinbajo says
The Vice President, Prof. Yemi Osinbajo, has said the problems associated with Nigeria’s refineries will persist if the Federal Government continues to own and run them. READ ALSO: Refineries will be fixed with money saved from subsidy removal – FG Daily Times Nigeria gathered that Osinbajo said this at a virtual meeting organised for the…
Refineries’ rehabilitation: Fresh or old story?
When the federal government announced an increase in the price of petrol, there was outrage across the country, considering the fact that Nigeria is a major oil producer. However, with plans to rehabilitate the nation’s moribund refineries, analysts believe there could be hope in the horizon; BENJAMIN UMUTEME reports. When in 1959, oil was discovered…
PDP Reps demand revamping of refineries before fuel subsidy removal
The Peoples Democratic Party (PDP) Caucus in the House of Representatives has demanded that the four Refineries (PH I & II, Warri and Kaduna) be revamped to function optimally before any subsidy removal is considered after proper consultations with all stakeholders, including the National Assembly that holds the peoples mandate by the President Muhamamdu Buhari…
Plans on to maintain four refineries — NNPC chief, Kyari
By Udeme Akpan & Nkiruka Nnorom ABUJA—The Nigerian National Petroleum Corporation, NNPC, Thursday, said it has concluded plans to rehabilitate and build new plants, as all the four refineries are currently down, thus forcing the government to import petroleum products from the global market. The Group Managing Director, NNPC, Mallam Mele Kyari, made the disclosure…
FG should make refineries, oil assets work for Nigerians-IMF
International Monetary Fund (IMF) has called on the federal government to make the nation’s refineries and oil assets work for the benefit of Nigerians. Continue reading FG should make refineries, oil assets work for Nigerians-IMF at Vanguard News. Find more latest news and headlines from the newspaper
NNPC to establish 200,000bpd condensate refineries
The Nigerian National Petroleum Corporation (NNPC), will establish two condensate refineries with a total refining capacity of 200,000 barrels per day at Western Forcados and… The post NNPC to establish 200,000bpd condensate refineries appeared first on Daily Times Nigeria . Nigeria News from Nigeria Newspapers Find more latest news and headlines from the newspaper
NNPC to establish 2 additional refineries in Warri, Port Harcourt
The Nigerian National Petroleum Corporation (NNPC) says it has plans to establish 100,000-barrels-per-day brownfield refineries in Port-Harcourt and Warri to boost local refining of crude oil in the country. The post NNPC to establish 2 additional refineries in Warri, Port Harcourt appeared first on PM NEWS Nigeria . Find more latest news and headlines from…
NNPC plans new100,000bpd brown refineries for Port Harcourt, Warri
About 100,000 barrels per day brown refineries are being planned by Nigerian National Petroleum Corporation (NNPC) as part of its refinery collocation initiative designed to boost local refining capacity to end the era of petroleum products importation. The refineries are to be collocated in Port Harcourt and Warri Refineries. This was disclosed in the current……
High cost of Nigeria’s refineries’ ineptitude
Nigeria, Africa’s biggest crude exporter, spent N879.781 billion on fuel import in just three months, an amount that could have been saved but for gross inefficiency of refineries in the country. Adeola Yusuf writes It started with the revelation that the worth and cash spent by the Nigerian National Petroleum Corporation (NNPC) to…