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Kaduna Refinery To Save Nigeria $5.33 Million Daily by Kangol99(m): 7:56pm On Aug 11, 2015 |
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. Continue reading>> www.premiumtimesng.com/business/oil-and-gas/188095-kaduna-refinery-to-save-nigeria-5-33-million-daily.html |
Re: Kaduna Refinery To Save Nigeria $5.33 Million Daily by Nobody: 7:57pm On Aug 11, 2015 |
Very good. |
Re: Kaduna Refinery To Save Nigeria $5.33 Million Daily by demmy0325(m): 8:00pm On Aug 11, 2015 |
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