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NNPC to build new refineries soon, says Kachikwu
Sep 9 2015 - 7:43pm
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Dr Ibe KachikwuKaduna Refinery and Petrochemical Plantnew refineriesnigeriaNNPC

Femi Adi / Kaduna
Dr Ibe Kachikwu

Dr Ibe Kachikwu

Nigerian National Petroleum Company said it is considering the option of building new refineries to support the old ones as soon as possible .

The group Managing Director of NNPC , Dr. Ibe Kachikwu who disclosed this during an official tour of Kaduna Refinery and Petrochemical Company , KRPC today said it obvious that the old refineries are wearing out and can no longer meet up the demands and supply of products across the country .

According to NNPC boss , it is only when new refineries are built that the problems of fuel scarcity and other problems associated with the inability of NNPC and its subsidiary to deliver will be resolved .

Fielding questions from journalists on assessment of Kaduna Refinery after the tour , Kachikwu said there is need for a new model if it must work optimally.

He also said because the refinery is very key to survival of the economy of Kaduna State and other states in the north, the management is working hard to make KRPC work to full capacity .

While noting that three out of the six units of Kaduna refinery are working , he reiterated the commitment of the management to ensure that within the stipulated 90 days time frame , some elements of Kaduna plant would work as planed.

On the issue of pipeline security against vandalism after the tour of the plant in Kaduna , Kachikwu said the new management has already measure taken by the current management to deploy strategic military approach to safeguard the pipelines and block leakages arising from pipelines breaks and product loss .

“We have been sending a body language message that the business of messing around with our pipelines are over”. He stated.

Meanwhile , he gave assurance that NNPC will soon start pumping crude oil from Warri to Kaduna once the problems on pipelines are rectified .

Speaking on the crude swap cancellation, Kachikwu maintained is done to ensure transparency and recover millions of dollars looted through the swap deals . Stressing, ” We have saved 200 million dollars by virtue of doing that”.

GOOD NEWS

NNPC to build new refineries soon, says Kachikwu
Sep 9 2015 - 7:43pm
« PREVIOUS
|
NEXT »
Categorized as

Business
Oil & Gas

Tagged as
Dr Ibe KachikwuKaduna Refinery and Petrochemical Plantnew refineriesnigeriaNNPC

Femi Adi / Kaduna
Dr Ibe Kachikwu

Dr Ibe Kachikwu

Nigerian National Petroleum Company said it is considering the option of building new refineries to support the old ones as soon as possible .

The group Managing Director of NNPC , Dr. Ibe Kachikwu who disclosed this during an official tour of Kaduna Refinery and Petrochemical Company , KRPC today said it obvious that the old refineries are wearing out and can no longer meet up the demands and supply of products across the country .

According to NNPC boss , it is only when new refineries are built that the problems of fuel scarcity and other problems associated with the inability of NNPC and its subsidiary to deliver will be resolved .

Fielding questions from journalists on assessment of Kaduna Refinery after the tour , Kachikwu said there is need for a new model if it must work optimally.

He also said because the refinery is very key to survival of the economy of Kaduna State and other states in the north, the management is working hard to make KRPC work to full capacity .

While noting that three out of the six units of Kaduna refinery are working , he reiterated the commitment of the management to ensure that within the stipulated 90 days time frame , some elements of Kaduna plant would work as planed.

On the issue of pipeline security against vandalism after the tour of the plant in Kaduna , Kachikwu said the new management has already measure taken by the current management to deploy strategic military approach to safeguard the pipelines and block leakages arising from pipelines breaks and product loss .

“We have been sending a body language message that the business of messing around with our pipelines are over”. He stated.

Meanwhile , he gave assurance that NNPC will soon start pumping crude oil from Warri to Kaduna once the problems on pipelines are rectified .

Speaking on the crude swap cancellation, Kachikwu maintained is done to ensure transparency and recover millions of dollars looted through the swap deals . Stressing, ” We have saved 200 million dollars by virtue of doing that”.

Government To Build New Refineries, Says NNPC Boss
Channels Television.
Updated September 9, 2015
200641

kachikwu-nnpcThe Nigerian National Petroleum Corporation (NNPC), says there is no plan by the present administration to kill the corporation, but that “the government is making plans to fix the existing refineries and thereafter, build new ones” to compliment the existing ones across the oil-rich nation.

The Group Managing Director (GMD) of the NNPC, Dr. Ibe Kachikwu, explained that rather than selling the existing refineries, the government would embrace the option of increasing their capacity through massive turn around maintenance.

Dr. Kachikwu made the disclosure to reporters on Wednesday during a visit to the Kaduna Refinery in Chikun Local Government Area of Kaduna State.

He was accompanied by the Managing Director of the refinery, Mr Saidu Mohammed and some top officials of the corporation.

The NNPC boss said that the Kaduna Refinery, which currently produces at 60 per cent capacity, would soon hit full capacity production at the end of the rehabilitation exercise currently going on at the company.

The Nigerian National Petroleum Corporation (NNPC), says there is no plan by the present administration to kill the corporation, but that “the government is making plans to fix the existing refineries and thereafter, build new ones” to compliment the existing ones across the oil-rich nation.

The Group Managing Director (GMD) of the NNPC, Dr. Ibe Kachikwu, explained that rather than selling the existing refineries, the government would embrace the option of increasing their capacity through massive turn around maintenance.

Dr. Kachikwu made the disclosure to reporters on Wednesday during a visit to the Kaduna Refinery in Chikun Local Government Area of Kaduna State.

He was accompanied by the Managing Director of the refinery, Mr Saidu Mohammed and some top officials of the corporation.

NNPC TO BUILD NEW REFINERIES,SAYS NNPC BOSS

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