No drop of petrol or kerosene was produced by any of the refineries under the management of the Nigerian National Petroleum Corporation for eight straight months.

Latest figures released by the NNPC on refined white products (petrol and kerosene) from local refineries showed that from June 2019 till January 2020, the facilities refined none of the identified finished products.

It was further observed that the last time the refineries produced Premium Motor Spirit, otherwise called petrol, was in May last year.

The same scenario also applied in the production of Dual Purpose Kerosene, often referred to as kerosene, as the last time it was refined by the facilities was in May 2019.

Refineries under the management of the NNPC are the Kaduna Refining and Petrochemical Company, Port Harcourt Refining Company and Warri Refining and Petrochemical Company.

An analysis of the figures should that in January, February and March 2019, the refineries produced 45.5 million litres, 44.1 million litres and 44.1 million litres of petrol respectively.

Also, in the same first three months of last year, they jointly produced 36 million litres, 36.1 million litres and 38.2 million litres of the DPK respectively.But in April last year, their production of the PMS and the DPK crashed to zero, meaning that they refined no white product in that month.

In May 2019, they produced 9.1 million litres of petrol and 4.9 million litres of kerosene.But from June last year till January 2020, no drop of petrol or kerosene was produced by the refineries, as they recorded zero all through the eight-month period.

Explaining what prompted the dormancy in terms of petroleum products refining, the NNPC said, “No white product was produced in January 2020 and apparently for the past seven consecutive months.“The lack of production is due to ongoing rehabilitation works at the refineries.”

But stakeholders in the oil sector faulted the never-ending rehabilitation of Nigeria’s refineries and had called on the government to privatise the facilities.

Recently, a consortium of about 15 civil society organisations asked the Federal Government to privatise the refineriesAccording to the groups, this will help the government as it currently struggles to manage the Nigerian economy following the impact of the COVID-19 pandemic on crude oil price globally.

CISLAC, BudgIT and 13 other organisations disclosed this in a recommendation released after their meeting on developments in Nigeria’s oil sector.

They said, “As a matter of urgent national importance, we strongly support the call for the privatisation of the country’s refineries in their present condition to avoid further revenue losses.

“We encourage the government to adopt favourable fiscal terms that bring about a renewed investors’ confidence and help fast-track the 29+ refineries, which still have valid operating licenses.”

The governor of Kaduna State, Nasir el Rufai, has said Nigeria must do away with its “corrupt” oil company, the Nigerian National Petroleum Corporation, NNPC, or stand the risk of itself being destroyed.

"Gen.Muhammadu Buhari,the APC presidential candidate has promised to build FOUR new petroleum refineries in Nigeria if elected president during the forthcoming elections taking place later this month..."

"Nigeria’s former Minister of Petroleum Resources-Ibe Kachikwu,has admitted the failure of President Buhari’s administration to give Nigerians refinery as promised in the run-up to the 2015 presidential election...."

MyMouth:
Atiku, am sorry I attacked and critized you when you said u will sell off those refinaries. I was blind, now I can see. The idea is actually very good but I can't trust u with the sales, u will end up selling it off to urself and ur friends instead of the general public and mismanage the procede. The privertization policy under obasanjo which was under ur office comes to mind. That is the reason most Nigerians opposed the idea coming from you. That is why it is always good to use the opportunity given to you to do good to the public and be sincere

CodeTemplar:
Those refineries should be donated to nollywood and used to act action films like we see Jackie Chan and Chuck Norris do.

Racoon:


https://www.google.com/amp/s/punchng.com/refineries-produced-no-petrol-in-eight-months-nnpc/%3famp=1