NNPC Says Four Oil Refineries to Resume Operation in July

By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-The Nigerian National Petroleum Corporation (NNPC) said on Friday its four (4) refineries will resume production in July, a Reuters report said quoting Ohi Alegbe spokesman to the Corporation.

The report quoted Alegbe as saying that the two (2) refineries in Port Harcout would begin operations after turnaround maintenance, followed by those in Warri and Kaduna.

“Even when the refineries work at full capacity, they can only produce around 19 million litres of petrol per day,” he said.

According to him, there will still be a shortfall of about 21 million litres, disclosing that Nigeria consumes about 40 million litres of petrol per day.

Alegbe further disclosed that the turnaround maintenance for the nation’s four (4) refineries had been ongoing since November.

The report affirmed that major cities in Nigeria are recovering from a fuel shortage despite the end of a fuel distribution strike as fuel marketers, who are still not importing due to money owed them, have agreed to distribute fuel brought in by the NNPC.

 

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