The Federal  Government has unveiled plans to increase the local refining capacity of the nation’s three refineries to 90 per cent by 2014.

The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, disclosed this at a meeting convened by the Senate Committee on Petroleum (Downstream) on Tuesday to find solutions to the current shortage of petroleum products in most parts of the country, according to a statement by the Nigerian National Petroleum Corporation.
Alison-Madueke explained that the planned turnaround maintenance and upgrade of the refineries could not hold as earlier scheduled because of the negative travel advisory given by the Japanese authorities to JGC, the original builder of the Port Harcourt Refinery, which stopped its officials from coming for the upgrade and maintenance of the plant.

She said, “With that hurdle surmounted, we have put in place a new plan complete with new schedules and timelines to bring the refineries back to life and get them to run at higher capacity.

“The maintenance and upgrade work will start with the Port Harcourt Refinery, which has stayed the longest period without turnaround maintenance.”

The minister said contract for the TAM would soon be signed and that rehabilitation and upgrade work would, thereafter, move from Port Harcourt to the Kaduna and Warri refineries until the last one “comes on stream by the beginning of the last quarter of 2014.”

Asked by the Chairman of the committee, Senator Magnus Abe, to shed light on the cost implication of the project and the expected production figure at the end of the rehabilitation work, the minister put the cost of the maintenance and upgrade of the three refineries at $1.6bn, adding that they would produce at 90 per cent installed capacity.

On the current fuel supply challenges, Alison-Madueke explained that a mixture of factors ranging from unsettled subsidy claims, which hamstrung private marketers from importing products and the vandalism of the System 2B Pipeline at Arepo, Ogun State, had made supply and distribution of products across the country difficult in spite of intervention from the strategic reserves.

She said the Department of Petroleum Resources, which is charged with the responsibility of monitoring and enforcement of product quality and pricing, had been going round the country to ensure that marketers sold petrol at the government approved price of N97 per litre, and had closed 75 stations caught selling above the regulated price.

Meanwhile, long queues persisted at filling stations across the country on Tuesday, with some marketers capitalising on the situation to sell petrol above N97 per litre.

On actions being taken to resolve the supply and distribution hitches, the Managing Director, Pipelines and Products Marketing Company, a subsidiary of NNPC, Mr. Haruna Momoh, explained that distribution of products in a country as big as Nigeria could only be done effectively through the pipelines, and called on community leaders, state governments and other stakeholders to collaborate with the company to safeguard the pipelines and ensure free flow of products.


http://www.punchng.com/business/business-economy/refineries-fg-targets-90-production-capacity-by-2014/

apala911: The Federal  Government has unveiled plans to increase the local refining capacity of the nation’s three refineries to 90 per cent by 2014.

The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, disclosed this at a meeting convened by the Senate Committee on Petroleum (Downstream) on Tuesday to find solutions to the current shortage of petroleum products in most parts of the country, according to a statement by the Nigerian National Petroleum Corporation.
Alison-Madueke explained that the planned turnaround maintenance and upgrade of the refineries could not hold as earlier scheduled because of the negative travel advisory given by the Japanese authorities to JGC, the original builder of the Port Harcourt Refinery, which stopped its officials from coming for the upgrade and maintenance of the plant.

She said, “With that hurdle surmounted, we have put in place a new plan complete with new schedules and timelines to bring the refineries back to life and get them to run at higher capacity.

“The maintenance and upgrade work will start with the Port Harcourt Refinery, which has stayed the longest period without turnaround maintenance.”

The minister said contract for the TAM would soon be signed and that rehabilitation and upgrade work would, thereafter, move from Port Harcourt to the Kaduna and Warri refineries until the last one “comes on stream by the beginning of the last quarter of 2014.”

Asked by the Chairman of the committee, Senator Magnus Abe, to shed light on the cost implication of the project and the expected production figure at the end of the rehabilitation work, the minister put the cost of the maintenance and upgrade of the three refineries at $1.6bn, adding that they would produce at 90 per cent installed capacity.

On the current fuel supply challenges, Alison-Madueke explained that a mixture of factors ranging from unsettled subsidy claims, which hamstrung private marketers from importing products and the vandalism of the System 2B Pipeline at Arepo, Ogun State, had made supply and distribution of products across the country difficult in spite of intervention from the strategic reserves.

She said the Department of Petroleum Resources, which is charged with the responsibility of monitoring and enforcement of product quality and pricing, had been going round the country to ensure that marketers sold petrol at the government approved price of N97 per litre, and had closed 75 stations caught selling above the regulated price.

Meanwhile, long queues persisted at filling stations across the country on Tuesday, with some marketers capitalising on the situation to sell petrol above N97 per litre.

On actions being taken to resolve the supply and distribution hitches, the Managing Director, Pipelines and Products Marketing Company, a subsidiary of NNPC, Mr. Haruna Momoh, explained that distribution of products in a country as big as Nigeria could only be done effectively through the pipelines, and called on community leaders, state governments and other stakeholders to collaborate with the company to safeguard the pipelines and ensure free flow of products.


http://www.punchng.com/business/business-economy/refineries-fg-targets-90-production-capacity-by-2014/

They should just stop telling the public their plans and do their Job as required of them. They keep on telling the masses their plans all the time, raising false hope in the process only to have those hopes dashed.

silver or gold I have not, but what I have I give you, my prayers that u be able to complete ur plan as proposed without being kidnapped or killed in Jesus name, amen

remmyton: silver or gold I have not, but what I have I give you, my prayers that u be able to complete ur plan as proposed without being kidnapped or killed in Jesus name, amen

LOL

Earlier this year we were told that port harcourt refinery will be fully functional by the end of the year. Now it has a taken a different turn, 2014. Let's watch and pray it doesn't end with the lips again.

Sorry guys i may sound ignorant but why is there a refinary in kaduna? Is kaduna not the state on north of abuja? Im sure no oil well is around there! Why spent money on pipe line pass seven seas and seven forest to the refinary. Will those pipeline be maintained! Nigeria cant even mantain a clean oil well enviroment talkmore of a pipeline that far with refinary!
This country is stupid!!

$1.6b for TAMs in the next 2 years......hmmmmm. And how much does it take to build new refineries these days? And come to think of it, what happened to the licenses for private refineries? Govt shud stop reeling out figures and be more proactive

**Singing**
Government una too good oo...u too good
una de giv us bobo......u too good
bobo dey sweet wel wel...u too good

Patdedon: Earlier this year we were told that port harcourt refinery will be fully functional by the end of the year. Now it has a taken a different turn, 2014. Let's watch and pray it doesn't end with the lips again.

You said my mind..

I am so angry I hardly know what to say. FG all we are saying is STFU and do your job then when the job is done inform us it has! Nigerians are sick and tired and frustrated by all the talks, the kidnapings, the roberies, the unemployment, the insecurity, poverty, disease, globe trotting with a horde of wasteful personnel, corruption, illitracy, child abuse, decaying infrastructure, 5000 naira notes, aged pensioneers dying on queues to receive peanuts, terrorism, Mubi massacre, Aluu4, Apo6 (remember?), Farouk Lawan, Otedola, Tony Anenih, Bode George, Dimejo Bankole, Alison madueke, IBB, OBJ, Edwin Clerk, et al.
WE ARE WORN OUT!! DO YOUR WORK!!

All this billie FG is rolling out for projects these days, i'm starting to have a bad feeling about it...#looters!#

Actions speak louder than words...

youngbo$$:
Actions speak louder than words...

So what should we do?

2good: They should just stop telling the public their plans and do their Job as required of them. They keep on telling the masses their plans all the time, raising false hope in the process only to have those hopes dashed.

when they was no transparency u called de government thieves.nw u av transparency u r complainin

sheyie2007: All this billie FG is rolling out for projects these days, i'm starting to have a bad feeling about it...#looters!#

government refuses to spend nigerians like u complains nw dat dey r spending de money nigerians like u r still complaining

etunoman76: $1.6b for TAMs in the next 2 years......hmmmmm. And how much does it take to build new refineries these days? And come to think of it, what happened to the licenses for private refineries? Govt shud stop reeling out figures and be more proactive

u talk well my brother

Nigerians should undastand that nigeria is not an easy con3 to preside over.developement starts from me and u.we should stop being negative to issues like dis

misreal: when they was no transparency u called de government thieves.nw u av transparency u r complainin

Its funny how you call these current announcement transparency and kept mute on all other promises they've fed us since 1999 which have never been achieved till today. These politicians have no regards for we Nigerians because many people are gullible like you. People sing the praise of Fashola not because he's making announcement but because people see what he does.

Instead of spending so much money on the TAM & upgrade, govt should have privatized the refineries and u wl see those investors managing them wt the highest level of professionalism.

Stop this propagada of 'we will do'. Next

Turbocharged: Instead of spending so much money on the TAM & upgrade, govt should have privatized the refineries and u wl see those investors managing them wt the highest level of professionalism.

That's exactly the only solution to to refinery and PHCN problem. Remember how NITEL used to be all we had which by today's standard was mediocre but the entrance of private companies to the telecom industry put them out of business

Na today?

This is a welcome development

Fg should shut the fuuuccck up and do their job.. Afterall is not their obligation to do it? Rather they keep presenting the whole thing as if they are doing us a favour... I guess it's guilt that's making them to do so... The question,now,is if they will succumb to their guilt?

Selfish people do u hav to tell us b4 u do it, do we have to thank u 4 what is done? U can just imagine our leader cheating us, do if u want to. We wil thank u if u do. May god help u.

Turbocharged: Instead of spending so much money on the TAM & upgrade, govt should have privatized the refineries and u wl see those investors managing them wt the highest level of professionalism.

Would be diFficult to private the refineries or even have private firms build their own refineries with this fuel subsidy still in place.

Govt had to remove the subsidy on electricity from 4kwh to the 16+kwh today to make it attractive for private investors.

2good: They should just stop telling the public their plans and do their Job as required of them. They keep on telling the masses their plans all the time, raising false hope in the process only to have those hopes dashed.

This is the reason many great minds are not posting on NL anymore. Its been overrun by f00ls that can't read. The report says the minister was answering question put to her by the house committee on petroleum and you are talking trash. So she should not answer them or tell them what government is doing? If the press report it, how is that government making promises to you? If you don't want hope, then you are a saddist! Every sane human being needs to have hope. Its the oil for the soul. The government needs to carry everyone along. Some of you just post like kids! Maybe you are kids!

obicentlis: Na today?

. Nice one guy, i love dat.

Patdedon: Earlier this year we were told that port harcourt refinery will be fully functional by the end of the year. Now it has a taken a different turn, 2014. Let's watch and pray it doesn't end with the lips again.

Is it that you didn't see the part where she said the Japanese guys refused to come because of their government advise? Or you have a problem with English language?

2good: They should just stop telling the public their plans and do their Job as required of them. They keep on telling the masses their plans all the time, raising false hope in the process only to have those hopes dashed.

allow them to make their intentions known to us and criticize them when they fail .

thelastPope:

This is the reason many great minds are not posting on NL anymore. Its been overrun by f00ls that can't read. The report says the minister was answering question put to her by the house committee on petroleum and you are talking trash. So she should not answer them or tell them what government is doing? If the press report it, how is that government making promises to you? If you don't want hope, then you are a saddist! Every sane human being needs to have hope. Its the oil for the soul. The government needs to carry everyone along. Some of you just post like kids! Maybe you are kids!

You are the bigger fool for having hope when your future lies in your hands. Mumu upon all the promise wey dem give U since 1960 your eyes never still open. This is the reason why I put the blame on the poor masses because if you call this your skewed reasoning that of a bright mind, then I wonder what the average mind in your domain will be like.