Nigeria Now Has Only One Performing Refinery
Nigeria has three refineries located in Warri, Port Harcourt and Kaduna.
The three have been performing below capacity.
But now, it is the one in Warri that is able to refine crude oil.
The other two in Port Harcourt and Kaduna have been declared dormant by Nigeria National Petroleum Corporation, NNPC.
According to the latest operational performance of Nigeria’s refineries as released by NNPC, while the two refineries cannot refine any crude oil, the one in Warri is performing better, as its capacity utilisation has appreciated considerably.
An analysis of the NNPC’s March 2018 operational performance of the refineries, which is the most recent, showed a capacity utilisation of zero per cent, (0%) for both the Port Harcourt Refinery, and Kaduna Refinery, in the month under review. The Warri Refinery surprisingly recorded 51.32% in the same month.
Further analysis showed that the Kaduna Refinery remained dormant all through the months of February and March 2018, as it refined no single barrel of crude oil.
The capacity utilisation of the Port Harcourt refinery dropped from 24.62% in February 2018 to zero per cent (0%) in March, the report stated.
However, the WRPC’s capacity utilisation moved up from 8.26% in February 2018 to 51.32% in March, giving a boost to the consolidated performance of the three refineries in March.
Their consolidated capacity utilisation closed at 14.41% in March, up from the 13.94% recorded in the preceding month.
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