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Nigeria Needs $500m To Repair Refineries – NNPC by IBBG(m): 8:18pm On Nov 08, 2015 |
The Federal Government needs about $500m to fix the
nation’s crude oil refineries which have all been shut
down.
This was said by the Group Managing Director of the
Nigerian National Petroleum Corporation, Dr. Ibe
Kachikwu, on Saturday at a forum organised by the
Petroleum Club Lagos to celebrate his recent
appointment as the NNPC GMD.
Kachikwu said the Port Harcourt Refinery, which was
refining crude some weeks ago had stopped working,
and had since been shut down.
Meanwhile the Warri and Kaduna refineries still remain
shut.
Lamenting the state of the refineries, he said, “I was
initially happy with the progress made at the Port
Harcourt Refinery when it operated at 60 per cent
capacity some weeks ago. But now, the capacity has
dropped so low that we had to shut it down. We will need
about $500m to fix them.”
He admitted that importation of petroleum products was
not the solution to Nigeria’s problem, stressing that
attention should be shifted from Nigerians wanting to get
allocations for product importation to seeking ways to
adding value to the system.
He said the NNPC had not dropped the idea of
conducting forensic audit on its account books.
According to Kachikwu, the NNPC is currently talking
with states to see how they can contribute towards
driving the modular refining model.
punchng.com/2015/11/4912 |
Re: Nigeria Needs $500m To Repair Refineries – NNPC by Beesluv: 8:21pm On Nov 08, 2015 |
Let them take from the TSA fines |
Re: Nigeria Needs $500m To Repair Refineries – NNPC by whithawk(m): 8:24pm On Nov 08, 2015 |
I read about these refinery stories and I laugh. Long story short, these our refineries are never going to work. Not while the political godfathers still have personal refineries in other African countries where they buy our crude oil from us, refine them and sell back to us. We should stop fooling ourselves. |
Re: Nigeria Needs $500m To Repair Refineries – NNPC by asvpChuu(m): 8:24pm On Nov 08, 2015 |
new twitter @cocoboy1738 .. Pls follow me |
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