Skip to main content

Why refineries in Nigeria will not work — Experts

Why refineries in Nigeria will not work — Experts
By Ediri Ejoh
 At the backdrop of the announcement of the Federal Government’s plans to rehabilitate the country’s refineries by the Minister of State, Petroleum Resources, Timipre Sylva, experts in the petroleum downstream industry have said that the government lacks credibility to restructure the sector and bring the refineries to full operation. The country has four refineries with 524,000 barrels per day capacity. However, the refineries, in the last 20 years, have had a poor operating record with average capacity utilization hovering between 15 and 25 percent per annum. As a result, 70-80 percent of the national petroleum products demand is met through imports. But operators in the petroleum industry have insisted that the Federal Government cannot make the country’s refineries efficient.

Comments

Post a Comment

Popular posts from this blog

Nigeria's president launches new gas pipeline project President Buhari says Ajaokuta–Kaduna–Kano (AKK) pipeline project will create numerous employment opportunities

ANKARA   President Muhammadu Buhari on Tuesday launched a $2.6 billion gas pipeline project that will further enhance the country's energy security, local media reported. In a virtual meeting, Buhari said the project will provide gas and also facilitate the revival of moribund industries in the West African country. "Today marks an important chapter in the history of our great nation. It marks the day when our domestic natural gas pipeline networks from Obiafu in Rivers State, Escravos in Delta State and Lekki in Lagos State, are being connected through Kaduna to Kano states thereby further enhancing national energy security,” the Nigerian National Petroleum Corporation (NNPC) quoted Buhari as saying. The Nigerian head of state said the project will create direct and indirect employment while fostering the development, technology transfer and promotion of local manufacturing. “We promised the nation that we will expand the key critical gas infrastructure in th...
Post a Comment
Read more

Icestone Javalli set the stage on fire by knocking D-Flames out.

  The new face underground rapper Icestone Javalli has made a spectacular bars and punchline that destroyed D-Flame on the stage, at ikeja Lagos State.. This guy dropped the jaw of there spectators by given some blazing lines. D-Flame said that Icestone Javalli spends his whole time written lyrics just to kicked him out. We will see what will happing on round 2 Icestone Javalli vs Montarro
1 comment
Read more

Nnamdi Kanu’s arrest, Trial: Lawyer, MASSOB react

<script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-8403919722942678" crossorigin="anonymous"></script>   People of Biafra, IPOB, Barr. Ifeanyi Ejiofor and the Social Media Adviser to Chief Ralph Uwazuruile, leader of Movement for Actualization of Sovereign State of Biafra, MASSOB, Emma Nnadi have reacted to the arrest and arraignment of Nnamdi Kanu before an Abuja high cout today. According to Kanu’s counsel, “We have just confirmed through a correspondence from the Federal High Court Abuja, about the arrest and the extradition of my Client- Mazi Nnamdi Kanu by the Nigerian State. It is to be noted therefore, that no matter the gravity of the offences or charge preferred against him, Section 36(5) of the Constitution still presumes him innocent of the allegation.” "He was brought before the Federal High Court No 2 Abuja today on an Eleven count charge, though without our knowledge. PpAs it is in the ...
Post a Comment
Read more