Nigeria’s four refineries will resume production next month, a spokesman for the state-run oil group said Thursday, raising hope of an end to perennial petrol shortages that have plagued Africa’s largest crude producer.

“The refineries at Warri, Port Harcourt and Kaduna will resume next month after a successful turn-around-maintenance (overhaul) of their facilities,” Ohi Alegbe of the Nigerian National Petroleum Corporation (NNPC) told AFP.

“The turn-around-maintenance has been on for some time. We did not just want to make any noise about it. The refineries will start production as soon as they have delivery of crude oil for refining,” he said.

The NNPC has four refineries — two in Port Harcourt in the south, one in northern Kaduna and another in southern Warri, with a combined installed capacity of 445,000 barrels per day.


A network of pipelines and depots located throughout the country link these refineries.

Nigeria produces a massive two million barrels of crude oil a day, but has to export it due to a lack of working refineries. It then imports fuel back into the country at international market prices — a situation blamed on corruption and mismanagement.

To cushion the blow on the general population, the government sells fuel on the streets at subsidised prices, and makes up for the higher amounts spent by importers by reimbursing them the difference — a system seen as rife with false claims and overpayments.

Last month, a crippling fuel shortage almost grounded Nigeria to a halt, as fuel importers and marketers shut their depots to protest some $1 billion (900 million euros) in unpaid reimbursements.

Black market and legitimate petrol vendors did a brisk trade, selling at around 300 naira ($1.5; 1.3 euros) a litre — well above the officially-set price of 87 naira.

In January 2012, the government tried to end the subsidies, causing petrol prices to more than double. It was ultimately forced to reinstate the payments after tens of thousands of people took to the streets in violent protests that left more than a dozen dead.

Alegbe said the resumption of refinery activity “will significantly improve the supply of petroleum products in the country.”

Seems like the good times are returning. GEJ/PMB - Nigeria's best combo ever liveth.

http://www.ngrguardiannews.com/2015/06/nigerias-refineries-to-resume-production-next-month-official/

Let get all these refineries working before we start talking about N40 per litre.

PMP hope this is not a false news sha.....

I once witness vision 2010 and this is 2015.

Now tell me who is the dullard? the man from otueke or the man from daura?

Nigeria sai Buhari.


APC

Change.

We can see everything turning around, turning around, turning around for our good.

God bless Nigeria!

I think we should strive to read through the article. It isn't too long. I carefully ensured that. Even though I anticipate change with PMB, there is no way a travelling president that has prioritised security and who does not have a government team yet can take credit for up to 10% of the completed turnaround maintenance of 4 Nigerian refineries with all the attendant Nigerian issues about them. Since it takes between 3-4 years on the average, I think the Otuoke Team have this.

if dis is true it will go a long way in contributing to easy life of Nigerians as a whole
God help Nigeria
God help PMB
God help us all

sayyid:
if dis is true it will go a long way in contributing to easy life of Nigerians as a whole
God help Nigeria
God help PMB
God help us all

The credit goes to Jona and not buhari

dabigwalls:
I think we should strive to read through the article. It isn't too long. I carefully ensured that. Even though I anticipate change with PMB, there is no way a travelling president that has prioritised security and who does not have a government team yet can take credit for up to 10% of the completed turnaround maintenance of 4 Nigerian refineries with all the attendant Nigerian issues about them. Since it takes between 3-4 years on the average, I think the Otuoke Team have this.

Fear of PMB!

No be june again. Bushari confused government

SUBMARINE:

The credit goes to Jona and not buhari

dabigwalls:
I think we should strive to read through the article. It isn't too long. I carefully ensured that. Even though I anticipate change with PMB, there is no way a travelling president that has prioritised security and who does not have a government team yet can take credit for up to 10% of the completed turnaround maintenance of 4 Nigerian refineries with all the attendant Nigerian issues about them. Since it takes between 3-4 years on the average, I think the Otuoke Team have this.

Rubbish. GEJ's administration deliberately sabotaged those refineries. Here is a quote from Daily Independent publication today:


[b]"The source who added that the establishment
received crude oil consignment last in 2012,
noted that crude oil supply to the refinery was
stalled by the immediate past government.
This, the source added, resulted in massive
importation of refined products by the Federal
Government in preparation for their full
privatisation.
He further disclosed that all the machines for
the take off of production were also last Sunday
switched on in readiness for production works
in the company.
According to the source: “Yes, it is true that the
Warri Refining and Petrochemical Company
limited is set to commence the refining of
petroleum products. The production will start
within the next 14 days from now. All the
production machines were since last Sunday
switched on in readiness for the production.
“I also want to inform you that the
management has received crude oil for that
purpose this week Monday. For over two years
now we have not received crude oil as it was
being sent to foreign refineries from where
they were been imported back to the country
as refined products.
“This started soon after the alleged planned
privatization of the refineries by the
immediate past administration which was also
said to have targeted the sales to its selected
cronies thereby placing the workers of the
refining and petrochemical company on
permanent state of redundancy for the past
two years,” he added[/b][/quote]

dabigwalls:
I think we should strive to read through the article. It isn't too long. I carefully ensured that. Even though I anticipate change with PMB, there is no way a travelling president that has prioritised security and who does not have a government team yet can take credit for up to 10% of the completed turnaround maintenance of 4 Nigerian refineries with all the attendant Nigerian issues about them. Since it takes between 3-4 years on the average, I think the Otuoke Team have this.

ur view thou seems plausible. Bt why the latter nt implement it?

Imortal001:
Now tell me who is the dullard? the man from otueke or the man from daura?

Electricity is getting better they said its because we are in raining season. Refineries will start to function soon, we want to see their reasoning--oh GEJ initiated the process!!!!

God bless President Mohammadu Buhari

That's what i'm talking bout

Isn't it obvious that these refineries were deliberately sabotaged? Why are all of them, all of a sudden, about to resume production? these are refineries that haven't function for years.

yetunsbay:
ur view thou seems plausible. Bt why the latter nt implement it?

You see, provision of crude COULD be the final stage of the entire process. If there were plans to privatise them however, completion of TAM may not necessary signal immediate capacity for take off. Well, I don't know much about that. If the TAM was earlier completed, then it needs no deliberation on who takes the credit for that - in a sense, we really don't have a government yet. Elected officials holding an office alone do not make a government. Or what do you think?

We should be glad that we now have a responsible government in place, not trying to defend those who deliberately caused this country more harm than good.

Whatever or whoever is responsible. To God be the glory.