Kaduna Refining and Petrochemicals Company (KRPC), will save about $5.33 million daily for the country when the refinery hits 90 per cent production capacity, the refinery’s manager in charge of production programming and quality control, Shehu Malami, has said.
Speaking at a two-day annual Energy Correspondents Workshop, themed “Development Communication: An Imperative for the Oil And Gas Industry” in Kano, Mr. Malami said KRPC, otherwise known as Kaduna Refinery, would soon hit 90 per cent production of its installed capacity.
PREMIUM TIMES gathered that the refinery operated at 60 per cent production capacity before commencement of the Turn Around Maintenance (TAM) in October last year.
Giving the breakdown on different petroleum products, the manager said the nation will save $1.892million daily on petrol alone.

“The impact of KRPC operations on the economy means that if the refinery operates at 90 percent capacity, it will save the nation $1.892million from importation of Premium Motor Spirit (PMS).

“At same 90 percent, KRPC will save $672,546 daily on importation of Kerosene, $1.86 million daily on import of diesel, $176,727 daily on importation of LPG and $727,306 million daily on import of Fuel Oil.

“This represents a total savings of $5.33 million daily for fuel products only,” he said in a paper he delivered.
Mr. Malami said the refinery is expected to produce 4,624,650 liters of PMS (petrol) when it attains 90 per cent capacity in the first quota of 2016 as against its current 60 per cent status of 3,083,100 liters.

According to him, the volume of Kerosene production will rise to 1,849,500 liters at 90 per cent capacity as against the current 1,233,000 liters production at 60 per cent capacity.

The manager said diesel production will hit 3,153,600 liters at 90 per cent, as against 2,102,400 liters at current 60 per cent capacity, while the LPG will attain 486,000 liters at 90 per cent from its current 324,000 liters at 60 per cent capacity.

In his address, Mohammed Garba, chairman of the Correspondents Chapel of Kaduna chapter of Nigeria Union of Journalists (NUJ), said all stakeholders, such as regulators, players and the watchers of the sector, most especially the media, must harmonize their operations to work toward effective development of the oil sector.

“The petroleum sector is the mainstay of Nigeria’s economy. Hence, there is a lot of responsibility placed on all those concerned with the oil and gas sector in the country,” Mr. Garba said.

“However, happenings in the past two decades point to a totally different scenario. The industry and its critical watchers, the media being at the forefront seem to be at logger-heads.

“Time is now ripe for the media and operators of the oil and gas sector in Nigeria to set a development communication agenda, which must be mutually worked on by everybody involved in this pact.

“This will be aimed at changing the negativity in the news reports and changing the negative perception of the public against the oil and gas sector.

“Development communication is a concept that has recently gained the attention of communications and development experts because of its germane importance.”


http://www.premiumtimesng.com/business/oil-and-gas/188095-kaduna-refinery-to-save-nigeria-5-33-million-daily.html

AND THE $5.33 MILLION
WOULD BE DIRECTED TO
THEIR DEEP POCKETS..

I have good reasons to thank God for the fact that we got it right by electing President Buhari. God bless Nigeria.

SaTANists are crying while Nigeria is progressing.

Very good riddance.

I have no hands in the repairing of the refinary - Pa buhari
APC cyber dogs be warn. Stay far away from gej achievement and stop claiming it as boopooharis own

$5.33 million daily

Now, this is the kind of news we want to hear.
In fact, we need more refineries.
Also, we need to find more use for other by-products of crude than what we are doing now, where most of it is wasting away.
It's not just petrol.

Ike

Redoil:
I have no hands in the repairing of the refinary - Pa buhari
APC cyber dogs be warn. Stay far away from gej achievement and stop claiming it as boopooharis own

You can as well say he built the refineries...
Government is continum means you keep on the good works and improve on the areas of poor performance...

Redoil:
I have no hands in the repairing of the refinary - Pa buhari
APC cyber dogs be warn. Stay far away from gej achievement and stop claiming it as boopooharis own

And we say Jona was scammed big time.

Meaning that the refineries were not as bad as they made us believe while enriching themselves through crude import subsidies.

IbnSultaan:
Kaduna Refining and
Petrochemicals Company
because of its germane importance.”

Source?

The way this Refinery gimmick will blow up in the faces of the APC will not be monotonous. The TAM project was supposed to go hand in hand with a deregulation of the industry- privatisation of the sector leading to sales of the refineries. The refurbishing and maintenance was to raise it to a standard fit for auction. Experts of the oil sector have stated categorically that the refineries can not be sustained publicly in the long run and that they can not meet local demand. Even PMB has dissociated himself from it, but the APC spin machine refuses to let go. Well good luck with it, when things go south, don't do a 360

PassingShot:


Source?

http://www.premiumtimesng.com/business/oil-and-gas/188095-kaduna-refinery-to-save-nigeria-5-33-million-daily.html

IbnSultaan:
http://www.premiumtimesng.com/business/oil-and-gas/188095-kaduna-refinery-to-save-nigeria-5-33-million-daily.html

You should add it to the OP.

Great but NOT fascinating!

The same turn around that Jonathan said will work by 2016...okay o.

Thank God the mofo lost. The$5.1 miller will be duly pocketed by those PDPigsts

hinwazaka:
The way this Refinery gimmick will blow up in the faces of the APC will not be monotonous. The TAM project was supposed to go hand in hand with a deregulation of the industry- privatisation of the sector leading to sales of the refineries. The refurbishing and maintenance was to raise it to a standard fit for auction. Experts of the oil sector have stated categorically that the refineries can not be sustained publicly in the long run and that they can not meet local demand. Even PMB has dissociated himself from it, but the APC spin machine refuses to let go. Well good luck with it, when things go south, don't do a 360

shut up jare. Things working fine is still very new to your system


Sorry

rusher14:
Did I read daily?

yes you did

Redoil:
I have no hands in the repairing of the refinary - Pa buhari
APC cyber dogs be warn. Stay far away from gej achievement and stop claiming it as boopooharis own

You do realise Muhammadu Buhari was the one who built all those refineries. Have you read the analytical write-ups of some nairalanders.

GMB'S presence alone has had an enormous impact on all the major sectors of our country; oil,electricity,justice e.g

God bless Nigeria

W0W!

Wow very nice

biker1:
Wow very nice

lalasticlala u are needed yauwa,,

biker1:
Wow very nice

lalasticlala u are needed yauwa,,

This is good news.

There are many industries in Kaduna that packed up in the mid 90s.

United Textiles and Arewa textiles, I wonder if they even function anymore.

weldone sir. Though, i didnt campaign for u as i wasnt sure of the outcome.

But, with all this good developments. I feel motivated to campaign for u again and again.

God bless you sir.


Check my signature for ur customised wristband.

Useless people. Why are they using dollars to evaluate projects yet expect the populace to respect the naira. Again, useless people.