Buhari Won't Fix Refineries, Passes Buck To Next Administration   The administration of President Muhammadu Buhari will not be able to complete the repairs of the comatose refineries and will be expecting the next government to continue with it. The Minister of State for Petroleum Resources, Timipre...

Refineries Rehabilitation Gulped N100bn In 2021 - NNPC   The Nigerian National Petroleum Company Limited has said it spent N100bn on refineries’ rehabilitation in 2021 and that funds were pumped into revamping the facilities on a monthly basis last year. It disclosed this in a report on...

Nigeria Needs $3bn Investment In Refinery     To meet the growing demand of her 17.3 million Metric tons of petroleum products, Nigeria needs to invest about $3.09 billion in refinery projects. The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, who disclosed this at the...

Idle NNPC Refineries Sell N463.63m Worth Of Electricity       While they did not process a single barrel of crude oil in 2020, Warri and Kaduna refineries earned a total of N463.63m from the sale of electricity, their audited financial statements have shown. The two refineries have a...

NNPC Refineries Generate Zero Revenue, Pay Workers N69bn         Workers at the government-owned refineries were paid a total of N69.07bn last year, even as the plants generated zero revenue as they did not process a single barrel of crude oil. The refineries suffered a combined loss of...

Refineries, Ventures, Shipping Led To N56.1bn Loss In April - NNPC       Seven subsidiaries and business units of the Nigerian National Petroleum Corporation (NNPC) contributed a cumulative N56.177 billion to the national oil company’s total losses in April this year, latest financial and operations data from...