CSOs To Fed Govt: Privatise Refineries   A consortium of 15 civil society organisations on Tuesday asked the Federal Government to privatise Nigeria’s refineries and commit to the sustainability of the no-subsidy regime by articulating it into a law. According to the CSOs, this would help the...

Refineries Recorded N9.6bn Loss In January - NNPC   Nigeria’s refineries started their 2020 financial year with losses as they posted a cumulative operational deficit of N9.6bn in January. The Nigerian National Petroleum Corporation manages the country’s three refineries – the Kaduna Refining and Petrochemical Company, the...

Evaluating New Plan To Revive NNPC’s Refineries   The Group Managing Director of the NNPC, Mallam Mele Kyari, last week revealed that the corporation will spend money to repair its four broken-down refineries in Warri, Port Harcourt and Kaduna, after which it would hand them over...

In 2019, NNPC Spent N218.18bn On Ailing Refineries   Nigeria’s refineries under the management of the Nigerian National Petroleum Corporation incurred a total expense of N218.18bn in 2019. The refineries, namely Kaduna Refining and Petrochemical Company, Port Harcourt Refining Company and Warri Refining and Petrochemical Company, recorded...

Despite Being Dormant, Refineries Receive N80.74bn Crude Oil   A total of 4,084,560 barrels of crude oil valued at N80.74bn were supplied to Nigeria’s refineries for a period of 13 months despite the poor performance of the often dormant facilities at various intervals. Latest industry figures obtained...

Three Refineries Recorded N12.6bn Operational Expenses - NNPC   The Nigerian National Petroleum Corporation (NNPC) has said its three national refineries undergoing rehabilitation recorded N12.6 billion operational expenses last November. Its monthly financial and operational report for November 2019 said the combined value output by the refineries...