mikeansy:
what does it matter to the pepper selle, bus driver, hair barber, petty trader etc if we have some unverified doubling of production capacity if pump price of petrol does not reduce in the 6th largest exporter of crude oil?

or do we not know that pump price of petrol is the one commodity price that can instantaneously change inflation rate and cost of every other commodity in the market?

this is bread and butter economics and the most important KPI (Key Performance Index) is pump price of petrol

If that does not reduce then we still have a long way to go! it is all talk!

mikeansy:
what does it matter to the pepper selle, bus driver, hair barber, petty trader etc if we have some unverified doubling of production capacity if pump price of petrol does not reduce in the 6th largest exporter of crude oil?

or do we not know that pump price of petrol is the one commodity price that can instantaneously change inflation rate and cost of every other commodity in the market?

this is bread and butter economics and the most important KPI (Key Performance Index) is pump price of petrol

If that does not reduce then we still have a long way to go! it is all talk!

tspun: some nigerians have low metality. U read the article, the refineries just started work three months ago they have not yet settle down and u r expectin them to reduce the price of fuel. Instead of you to commend the good work of gej u r busy complaining. EPKA.

Maxymilliano:

I was equally searching for the 13 million liters he claimed earlier but seems the search engines did not support his imaginary figure, hence the need for the additional irrelevant news, just to be seeing as making a point.

@Op, nice efforts by all concerned, the multiplier effect of such laudable developments can never be quantified, but until a greater degree of self-sufficiency is attain, where importation of refined crude become less lucrative and domestic price is determine through the inter play of market forces, the path to sustainable development in the oil sector will still be a mirage.

Nonetheless, a journey of thousand miles always begin with a step and this is a step in the right direction ...

4 Play: Why do people think that having refineries in Nigeria will bring down the pump price of fuel? It may even be cheaper to import refined fuel than to refine it locally. Most products tend to be cheaper to import than to source domestically as foreign producers are more efficient and operate in a lower cost business environment.

Having locally refined fuel does improve our trade balance thus reducing capital flight, creating jobs at refiners and improves local capacity. It doesn't translate to lower pump price. For that you need a drastic fall in crude oil prices.

Rossikk: These refineries have barely refined a drop of oil in the last 25 years, and now...they're up and running at 66% capacity.

This GEJ is turning into a magician right before our eyes.

Maxymilliano:
Port Harcourt Refinery Back With 17million Litres Per Day by Maxymilliano(m): 6:50pm On Feb 08

**7.5 million litres of premium motor spirit (PMS) also called petrol, 3 million litres of dual purpose kerosene (DPK) and 6.5 million litres of automotive gas oil (AGO).

**refinery rehabilitation programme will crash the imported fuel price, cut the Subsidy bill.

The Nigerian National Petroleum Corporation (NNPC) has recorded initial successes in the expected rehabilitation and upgrade of the 210, 000 barrels per day plant of the Port Harcourt Refinery Company (PHRC), with the fixing of the Nitrogen Plant that has been down for over one year.

However, the upbeat in the refinery operations is doused by the rising cases of vandalism on the crude supply and product evacuation conduits connected to the refinery, resulting in suboptimal capacity utilization.

Maintenance work at the refinery has translated to significant production upside with total volume output of 17 million liters of different products per day.

Spokesman for the refinery, Mr. Ralph
Ugwu, told journalists that the company was currently churning out about 7.5 million litres of premium motor spirit (PMS) also called petrol, three million litres of dual purpose kerosene (DPK) and 6.5 million litres of automotive gas oil (AGO) also called diesel at the current capacity utilization.

Ugwu said the output from the refinery was contributing to the nation’s petroleum product supply pool as part of concerted efforts of NNPC business arms to guarantee availability of fuel for social and economic activities.

The refinery rehabilitation programme, which is part of a comprehensive plan to improve local production of petroleum products aims to displace significant volumes of costly imported products, crash government’s subsidy bills and optimise capacity utilisation in the domestic refining industry.

In a move to recover full name plate capacity of the plant, according to Ugwu, the management of PHRC activated processes to bring the critical units of the plant back into operation.

He told journalists that the fixing of the Nitrogen Plant had paved way for maintenance and streaming of other vital sections of the refinery, including the Catalytic Reforming Unit (CRU) and Naphtha Hydro-treating unit (NHU).

With restreaming of the three critical units, he explained, over 30 per cent capacity would have been recovered to relaunch the entire refinery into full operation.

Ugwu stressed that the quantity of products from the Port Harcourt Refinery would increase by about 30 per cent after the planned turn around maintenance (TAM) and rehabilitation in the year.

Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, had unveiled the Kalu Idika Kalu-led committee to conduct a capacity audit on the nation’s refineries after which she declared arrangements to recover the name plate capacity of the plants.

Managing Director of PHRC, Mr. Ian Udoh, disclosed that 199 incursions on the seven kilometer product line from the refinery to Okrika Jetty were recorded in 2012 alone, resulting in intermittent operations of the refinery due to haulage constraints.

He also pointed at other concerns over the pipeline breaks to include environmental pollution and degradation, huge economic loss and possible fire outbreak in contiguous local communities.


https://m.facebook.com/hopefornigeria?refid=13&ref=stream&_ft_=fbid.499473246777469

http://thenationonlineng.net/new/business/energy/production-from-port-harcourt-refinery-hits-17m-litres-daily/

Frank-C:

And for your celebration of the so called Egyptian, Tunisian and Lybian 'revolution', tell me, between the leaders that was deposed and the citizens, who are better off today? What has the 'revolution' brought them? Is Lybia better today than it was under Ghadaffi? And is Egypt better today? Don't talk out of exuberance. Think through your opinions.

Rossikk:

Thanks. This is what we we call first-hand, corroborative testimony and evidence from an independent eyewitness source.

Now no one can claim it's just ''govt propaganda''.

Darius2000:

The above comment is so false and misleading. I work in one of the refineries, and can categorically tell you that Mr Ogbuigwe's claims are tenable. It's so sad when pple who have no idea about the internal mechanisms of a workplace make unfounded

Criticism should be constructive to achieved its purpose.

braine: The refineries have been functional for three months and the improvement can not be seen in the common man, so whats the use? Great development tho. Goodluck is finding his way into my heart.

Sincere 9gerian: @Op..,I love the headline. But I would prefer those refineries privatised. I have a feeling that whatever improvement that has been made in refining capacity will be short lived. Even if not under GEJ, subsequent govts will rubbish everything. I'm all for sustainable improvement. So my position is that the refineries should be privatised as soon as possible.

Notwithstanding, its a good development as it will provide relief in the distribution of petroluem products, especially Kerosine for the poor

1wolex85:
For the 1st time I agree with ur post but I have a question, how long will this go on for us to see the effect on the pump price? If it isn't going to affect pump price, the increase in production has little effect

mikeansy:

with all due respect you are the one with low mentality. Why cant Jonathan wait untill his so called hard work start bearing fruit before attempting to take credit

I can not be forced to join a silly bandwagon when there is no clear result from the the said action.

I repeat the only way I can know if we are refining locally is if pump prices drop, everything else can be made up statistics

mikeansy:

so when we drill our own crude oil from the coast of guinea and refine them in PH we are still subject to international price of crude oil abi? like crisis in middle east abi?

Thats some supply chain analysis!

kalokalo:

You forgot that those who are drilling the oil are international oil companies who are not charities. They didn't invest billions of their shareholder dollars in our country only sell below international market price to government run refineries

Rossikk:

My brother... you see what I'm saying? Rail, roads, airports, power, all getting upgrades. Now refineries. This is the kind of leadership we want in this country, not just people sitting in Abuja sharing money.

QingQamal: How can 3 refineries be working at 60% capacity, and yet no impact onthe price of fuel. If dey are sure d refineries are working , y budget another large amount for subsidy in d budget? Or is it another subsidy scam? We know dat d reason for the high price of petroleum product is because of importation, then if it is refined locally, y still pay so high for the product and still subsidize? All questions begging for answers dat may neva come.

Emmadani: I hear say 9ja oil wells go dry up in d next 40yrs or so.Its beta our govt start now 2 invest huge on agriculture,technology,industralization n education sooner than later unless the future generation wil carry d burden o...D earlier we diversify d economy d beta 4 us o....Nice 1 4rm mr president,i wonda wat buhari n d rest wil say about dis 1.Am waiting.

tspun: some nigerians have low metality. U read the article, the refineries just started work three months ago they have not yet settle down and u r expectin them to reduce the price of fuel. Instead of you to commend the good work of gej u r busy complaining. EPKA.

all4naija: It is better they go for sustainable Nuclear power plants. I am tired of burning coal, gas and other carbon based products.We try to see into the future. Not every time we should fold our arms and do nothing.

kasiem: if d common man can be able to pay lasu school fees, let him exercise a lil bit patience for gej cos na step by step