Nigerian Canadian Newspaper Canada
For advert, please contact
publisher@nigeriancanadiannews.ca
1 (416) 318-3506
  • Home
  • World News
    • Africa
      • Nigeria
        • #EndSARS
        • #NigeriaDecides2019
        • Nigerian News
      • Ghana
    • North America
      • USA
      • Canadian News
    • Europe
  • Monthly Edition
  • Business
    • Business & Investment
    • Business News
    • Personal Finance
  • Government & Politics
  • Law
  • Opinion
    • Columnist
    • Editorial
  • Health
    • Canada Health
  • Lifestyle
    • Relationships
    • Technology
    • Religion
    • Sports
    • Beauty/Fashion
    • Family
    • Entertainment
    • Career
    • Food/Drinks
    • Home & Property
    • Social Phychology
  • Community
    • Churches
    • Events
    • Obituaries
    • Contact us
    • Archives
No Result
View All Result
  • Home
  • World News
    • Africa
      • Nigeria
        • #EndSARS
        • #NigeriaDecides2019
        • Nigerian News
      • Ghana
    • North America
      • USA
      • Canadian News
    • Europe
  • Monthly Edition
  • Business
    • Business & Investment
    • Business News
    • Personal Finance
  • Government & Politics
  • Law
  • Opinion
    • Columnist
    • Editorial
  • Health
    • Canada Health
  • Lifestyle
    • Relationships
    • Technology
    • Religion
    • Sports
    • Beauty/Fashion
    • Family
    • Entertainment
    • Career
    • Food/Drinks
    • Home & Property
    • Social Phychology
  • Community
    • Churches
    • Events
    • Obituaries
    • Contact us
    • Archives
No Result
View All Result
Nigerian Canadian Newspaper Canada
No Result
View All Result
Home Business

Kaduna refinery dormant, PH, Warri producing below 30% — NNPC

NigerianCanadianNews by NigerianCanadianNews
October 21, 2017
in Business, Government & Politics, News, Nigeria, Nigerian News
0 0
0

There seems to be no end in sight to the downward operational performance of Nigeria’s refineries since the beginning of 2017 despite several interventions made to reinvigorate the facilities by the Nigerian National Petroleum Corporation..
The latest monthly oil and gas report released by the national oil firm showed that the cumulative capacity utilisation of the nation’s three refineries dropped further from 12.73 per cent in June to 11.94 per cent in July 2017.
On individual performance, the Kaduna Refining and Petrochemical Company remained dormant for the two consecutive months as it processed no crude oil in the period under review.

Other refineries, Port Harcourt Refining Company and Kaduna Refining and Petrochemical Company, also performed far below expectation.
While the WRPC moved up marginally in its performance, processing 1.87 per cent of crude oil in July, as against the zero output it recorded in June, the PHRC’s capacity utilisation dropped from 26.98 per cent in June to 24.18 per cent in July.
Going by the data provided by the NNPC, no refinery was able to perform up to 30 per cent, as none of them could utilise up to half of the crude oil allocated to them in July this year, as had been the case in many other preceding months.
 
After recording a consolidated capacity utilisation of 36.73 per cent in January, the performance of the facilities maintained decline to 13.46 per cent in March.
The performance moved up to 24.59 per cent in April 2017, but this was not sustained as it crashed on a monthly basis till it dropped to 11.94 per cent in July, which was their latest operational performance as released by the NNPC.
An analysis of the corporation’s latest data showed that the total crude processed by the three refineries dropped from 231,836 metric tonnes in June to 224,584 MT in July..
Their losses increased from 2.44 per cent in June to close at 2.59 per cent in July, while their cumulative plant consumption dropped to 8.30 per cent in the month under review, as against the 10.92 per cent that was recorded in the preceding month.
As part of plans to revamp the refineries, the NNPC on several occasions had stated that its 12 Business Focus Areas would help address the shortcomings at the facilities.
It had repeatedly stated that BUFA would see to the upgrading of existing refineries and creating the opportunity for refining expansion; focusing on renewable energy and frontier exploration; revamping the oil and gas infrastructure; pursuing profitable ventures and common services, among others.
In September, the NNPC disclosed that it would shortly close down three of its refineries for a comprehensive rehabilitation aimed at bringing them back to their nameplate production capacities.
The NNPC’s Group Managing Director, Maikanti Baru, told reporters in Abuja that the shutdown of the refineries would allow the corporation to undertake their rehabilitation in ways that were different from what had been done in the past.
According to Baru, the refineries will come back on stream as new facilities when the corporation concludes the rehabilitation project ahead of the country’s plan to exit petroleum products importation in 2019.
“As you know, it has been the perception of the public that the repairs of the refineries are never done thoroughly. So this time, our intention is to shutdown the refineries when we are ready, and then fully bring them back to what they should be as new refineries,” the GMD had said.

Post Views: 181
Tags: NNPCOilrefinery
ShareSendShareSend
NigerianCanadianNews

NigerianCanadianNews

Related Posts

Nigeria’s Gift Orban Sets UEFA Record, By Stanley Ugagbe
Football

Nigeria’s Gift Orban Sets UEFA Record, By Stanley Ugagbe

March 20, 2023
Good News for Nigerian Nurses as NSCN announces a First-in-Canada Licensure Process for Nurses coming to Nova Scotia
Canadian News

Good News for Nigerian Nurses as NSCN announces a First-in-Canada Licensure Process for Nurses coming to Nova Scotia

March 20, 2023
Nigerian News

Government Shifts Population Census to May and Approves Nigeria Agenda 2050

March 16, 2023
Next Post

Court orders CBN, banks to freeze accounts without BVN

African leaders must speak with one voice – President Buhari to Alpha Conde of Guinea

Obasanjo Bags AFRIMMA’s Leadership Award

March 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Feb    

Health

Lifestyle

Community

Sports

Worldwide

Contact Us

Quick Link

  • Home
  • Advertise
  • Careers
  • Monthly Edition
  • Home & Property
  • World News

Recent News

  • FIFA Re-Elects Infantino As President, By Stanley Ugagbe March 20, 2023
  • Rema reacts to arrest of Iranian girls for dancing to his song, by Stanley Ugagbe March 20, 2023
  • Nigeria’s Gift Orban Sets UEFA Record, By Stanley Ugagbe March 20, 2023

© 2023 Nigerian Canadian Newspaper Canada. Powered by NASCI.

No Result
View All Result
  • World
    • Africa
      • Nigeria
    • North America
      • Canadian News
      • USA
  • Monthly Edition
  • Business
    • Business & Investment
    • Business News
    • Personal Finance
  • Government & Politics
  • Law
  • Opinion
    • Columnist
    • Editorial
  • Health
  • Lifestyle
    • Religion
    • Technology
    • Sports
    • Beauty/Fashion
    • Relationships
    • Food/Drinks
    • Home & Property
  • Community
    • Events
    • Churches
    • Obituaries

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Cleantalk Pixel
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT