Production

Nigeria: refineries to restart operations by the end of February - NNPC

Wednesday, 10 February 2016 10:47

Following attacks on pipelines that forced the closure in January, Nigeria's refineries are expected to resume operations before the end of February.

The Nigerian National Petroleum Corporation (NNPC), stopped the flow of crude oil to the refineries after the attack on major pipelines feeding the plants in mid-January. The refineries were then closed afterwards.

According to the state oil company, the Port Harcourt refinery will resume its crude refining unit on Saturday after it receives the supply of crude by sea, followed by the recommencement in pipeline supplies.

The Warri refinery has no crude. It will take close to 10 days to pile up crude stock and for Kaduna maybe we're another five days away after that,” Dennis Ajulu (photo), executive director of refining and technology at NNPC said.

He added that if there are no security restraints, the pipeline to the Warri plant can be renovated in four days, but they had estimated it to take more than that so crude was being supplied by sea instead. Meanwhile, the Kaduna refinery can only operate one out of its two crude refining units for the moment as it gets its feedstock through the Warri plant.

Apart from being abandoned for years, the refineries have always been faced with supply issues as a result of efforts by vandals to steal oil through pipeline taps. This however, made NNPC shift to expensive crude supplies by sea. This supplies cost over $7 a barrel, the Nations reports.

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.