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Oil and Gas

Nigeria’s three refineries performed below 15% in 2016 - NNPC

Monday, 20 February 2017 20:55

(Ecofin Agency) - The Nigerian National Petroleum Corporation (NNPC) has said that the combined operational performance of Nigeria’s three refineries based on capacity utilization, was below 15% in 2016.

The refineries namely, Warri Refining and Petrochemical Company (WRPC), Port Harcourt Refining Company (PHRC), and the Kaduna Refining and Petrochemical Company (KRPC), got 445,000 barrels of crude oil per day for the 12-month period, but refined 13.75% of this volume on average.

The adverse performance was due to crude pipeline vandalism in the Niger Delta region coupled with ongoing refineries revamp.” NNPC said.

An analysis of NNPC’s latest report revealed that the WRPC was idle for five months (January, February, July, November and December) last year. Similarly, the KRPC was dormant for six months (February, March, June, July, November and December) while the PHRC was able to process crude oil for only 11 months with the exception of September.

Anita Fatunji

 
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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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