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

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.