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...

Refineries Posted N123.3bn Loss In 10 Months, Says NNPC   The country’s refineries under the management of the Nigerian National Petroleum Corporation made a cumulative loss of N123.25bn from January to October 2019, latest figures released on Wednesday showed. An analysis of data in the October 2019...

Refineries Process No Crude Oil In 3 Months   Refineries under the management of the Nigerian National Petroleum Corporation stayed dormant for three consecutive months as they processed no drop of crude oil, latest report on the operations of the facilities has shown. An analysis of the...

In Nine Months, Refineries Lost N111bn - NNPC   The three refineries owned by the Federal Government lost a total of N111.27bn from January to September this year, the Nigerian National Petroleum Corporation said in its September report. The refineries posted a loss of N96.31bn in the...

NNPC Set To Build Two New Refineries   The Nigerian National Petroleum Corporation has said it is in the process of establishing two new 200,000 barrels-per-day condensate refineries to boost in-country refining capacity. Unlike the conventional refineries, condensate refineries primarily refine condensate, not crude oil. They often...

NNPC To Assess All Depots, Refineries – Buhari   President Muhammadu Buhari says Nigeria’s energy company will soon embark on a diagnostic assessment of refineries, pipelines, depots and other infrastructure across the country to ascertain the level of collaboration with the Aramco, Saudi Arabia’s energy company. Buhari...