The most recent financial and operations report released by the Nigerian National Petroleum Corporation (NNPC) has revealed that the combined performance of three of Nigeria’s refineries is below 20 per cent. These three refineries are the Warri Refining and Petrochemical Company (WRPC), the Kaduna Refining and Petrochemical Company (KRPC), and the Port Harcourt Refining Company (PHRC).

An analysis of the performances of the refineries in August 2016 released by the NNPC showed that the exact combined capacity usage of the three refineries was 19.9% compared to the 6.74% recorded in July 2016. The report stated that the combined revenue losses of the three facilities fell from the 5.13% in July to 3.23% in August, Energy mix reports.

NNPC said that the capacity usage of the WRPC was 14.28% of crude oil plant capacity of 125,000 barrels per day, while that of KRPC and the PHRC was put at 18.78% and 19.52%, and their plant capacity was 210,000bpd and 110,000bpd, respectively.

“The total crude produced by the three local refineries for the month of August was 359,081 metric tonnes (2.63 million barrels), compared to crude processed in July of 126,756MT (929,275 barrels). For the month of August, the three refineries produced 328,314MT of finished petroleum products out of 356,081MT of crude processed,” the report stated.

Meanwhile, oil production in Nigeria rose to 1.68 million barrels per day in October 2016, now overtaking Angola whose production fell to 1.47 million barrels per day due to the power maintenance of a main shaft of the country, according to S&P Global Platts.

This is the first time since June 2016, as exports of all of its key exports grades have resumed. But attacks in the oil-rich Niger Delta are still persisting, signifying that production is still at risk.

Anita Fatunji