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NNPCL Must Sell Locally-refined Petrol Now - Daily Trust - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsNNPCL Must Sell Locally-refined Petrol Now - Daily Trust (20899 Views)

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NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by Bobloco(op): 10:33am On Aug 18, 2024
The report that the Nigerian National Petroleum Company Limited (NNPCL) has set an open-ended time that the Port Harcourt Refining Company Limited will produce refined petroleum for local consumption has dampened the excitement among Nigerians that this year the scarcity of petrol would end. The report countered the hope that, after five missed timelines, petrol would flow from the refinery to dispensing stations across Nigeria before the end of this month. Now that we have entered into the last weeks of August, the company has said ambiguously that the process of producing petrol from the refinery was ‘on course.’

The Port Harcourt refinery has the capacity to refine 210,000 barrels of crude oil per day.

Such position demonstrates how the Ministry of Petroleum Resources and the NNPCL have been taking Nigerians for a ride by regularly extending the goal post for the renovation and revival of the government-owned refineries. Though, Nigerians have viewed with curiosity the fact that the country’s four refineries in Port Harcourt, Warri and Kaduna have all failed to refine crude oil at the same time since 2019, they had condoned the regular pledges by the public and civil servants in the sector that the country would begin to produce refined products in recent years.

For instance, in 2017, Emmanuel Ibe Ukachukwu, then Minister of Petroleum Resources under President Muhammadu Buhari, vowed to resign if Nigeria did not begin to refine crude oil by 2019, and export refined products by 2020. This did not happen. Instead, all the nation’s four refineries were shut down in 2019 because they did not have the capacity to refine products, though without fail the country paid huge sums for their annual Turn-Around Maintenance (TAM).

That same year, the federal government approved $1.5 billion for the repairs of the Port Harcourt Refinery, and the contract was awarded to an Italian firm, Maire Tecnimont. At the time, the Minister of Petroleum Resources, Timipreye Sylva, had said specifically that “Our objective is… to ensure that in the next few years, Nigeria stops fuel importation. From what we have seen here… Port Harcourt Refinery will come on board by the end of the year (2019). The first phase is to be completed in 18 months, which will take the refinery to a production of 90 per cent of its nameplate capacity… the second phase would be completed in 24 months and the third in 44 months.”

With such huge funding, hopes were raised that products would flow from the Port Harcourt Refinery before the end of the Buhari administration. The NNPCL Group Chief Executive Officer, Mele Kyari, for instance, told Nigerians that by the first quarter of 2023, the refinery would produce petrol. It did not happen. He later promised that petrol would be produced in the second quarter. That promise was not realised.

In August last year, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said the Port Harcourt Refinery would recommence operations in December. He made the promise during an inspection tour of the rehabilitation work at the plant. Based on that, he promised that Nigeria would stop petrol imports in February 2024.

As the December 2023 deadline failed, and Nigerians expected that in the early part of this year, NNPC Ltd would make good its promise. It did not happen. But while speaking before the Senate in July this year, Kyari said: “I can confirm to you, Mr. Chairman, that by the end of the year, this country will be a net exporter of petroleum products. Specific to NNPC refineries, we have spoken to a number of your committees, and it is impossible to have the Kaduna Refinery come into operation before December; it will get to December, both Warri and Kaduna, but that of Port Harcourt will commence production early August this year.”

From the foregoing, it is apparent that either the NNPC Ltd has failed to keep the contractors on their toes to keep to the timelines set for the completion of the Port Harcourt Refinery or that those who benefit from the shameful importation of petroleum products into Nigeria want to continue to extend the regime. But this is totally unacceptable to Nigerians who are at the receiving end of the chaotic and hide-and-seek activities in the midstream and downstream sector of the nation’s oil and gas sector. The high cost of the pump price of petroleum products and the frequent scarcity have both financial and economic consequences for the people. No other oil-producing country in the world faces this embarrassment. And yet, the federal government is reluctant to whip anyone into line.

The managers of the Nigerian oil and gas sector must stop taking Nigerians for a ride. It is obvious that the truth about the high cost of refined products, collapse of our refineries, fuel importation, non-repair of the refineries, and oil theft is still being concealed by those who are bent on making life extremely difficult for Nigerians. We hold both the Minister of Petroleum, Lokpobiri and NNPC Limited’s GCEO Kyari, to their promises that locally-produced petrol will be sold in August 2024. This is August 2024. There should be no further extension of the delivery date.
https://dailytrust.com/nnpcl-must-sell-locally-refined-petrol-now/
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by AntiMarxist: 10:36am On Aug 18, 2024
NNPC is a bottomless money pit that needs to be liquidated asap.

What we need are for local investors to take over their assets so that they can compete against Dangote's mega refinery.

Trying to get NNPC with its institutionalised corruption to function as a profit making company and at the same time as a govt service corporation is the height of madness.

Sell it off and dissolve it's management board and give everyone working there sack letters.
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by chiiraq802(m): 10:38am On Aug 18, 2024
Nigeria is a useless country with direction less leaders....
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by NeckingNgulping(m): 10:45am On Aug 18, 2024
Divide this country make everybody answer him papa name.
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by onatisi(m):
Nigerians should keep dreaming .
Which NNPC will sell locally refined petrol ? Even to sell crude oil they can't. Tinubu will eventually sell those refineries to his friends . They are only trying to make it look as if they have tried their best . Those refineries will be sold ,they are only bidding their time .
When atiku said it that he will sell them ,dumb Nigerians started shouting ,Tinubu knowing how dumb Nigerians are quickly cashed in on it and Tod them he will make it work ,now has it started working ? Those refineries won't work ,it will be sold as total scrap and the worst Nigerians will do will be to rant online .

THE EARLIER NIGERIANS REALIZE HOW TOTALLY USELESS AND DISHONEST TINUBU IS ,THE BETTER FOR THEM . NIGERIANS SHOULD LOOK BACK SINCE TINUBU CAME IN AND POINT OUT ONE THING HE HAS PROMISED SINCE BECOMING PRESIDENT AND HAS DONE , HE WILL PROMISE THEN TURN BACK ONCE PEOPLE BELIEVE HIM AND RELAX
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by JASONjnr(m): 11:03am On Aug 18, 2024
The day a government will take serious action on the oil sector is the day Nigerians will benefit from it's natural resources.


Sadly, this will never be possible under Tinubu who's been alleged on the maltagate saga. And every media house across Nigeria isn't doing enough investigation to fish the truth behind it....

Anyway, the only resources we are holding unto is the oil and a few people are the ones benefiting from it rather than a whole country.
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by Creditalerts: 11:04am On Aug 18, 2024
Few individuals are benefiting from all these subsidy scam,they will loot and reloot😡😡 what a fragi nitete excruciating quagmire 😡
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by DJInfluence:
The biggest mistake successive administrations have made is trying to revive the refineries when building new ones would've been much cheaper and better.
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by kingsways: 11:05am On Aug 18, 2024
Some people ought to be stoned to death in this country!

Refineries not working after spending billions and billions on them
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by Nobody:
Nigeria = 20 steps backwards: one step forward: 50 steps backwards. The pattern continues in that order
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by Gotocourt: 11:05am On Aug 18, 2024
Outdated refinery is a money pit shocked
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by Lexusgs430:
Ibe kachukwu made numerous promises and failed....... Under Buhari.......


Mele Kyari, also made numerous promises under buhari and tinubu and also failed........

Remember, mele's promise wearing that terrible hat, that before 2023 all refineries would be working....... Same mele said by August 2023, PH refinery would be refining crude........

It's a shame on all our political class....... Yet, all those refineries have over 1500 members of staff, that are receiving salaries, allowances and pensions......... 😁😂
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by rapheal5(m): 11:05am On Aug 18, 2024
ok
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by Basicend:
If you think a government owned Nigerian refinery will ever function again and produce PMS, then truly you need your brain checked.

I am sorry, but that the obvious truth.
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by sylve11: 11:06am On Aug 18, 2024
Scrap the nonsense NNPC. It's of no use to the Nigerian economy. angry cool
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by LibertyRep: 11:06am On Aug 18, 2024
It's hard to believe that the refinery isn't already producing and they're not selling the product as imported.
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by vanbonattel: 11:06am On Aug 18, 2024
onatisi:
Nigerians should keep dreaming .
Which NNPC will sell locally refined petrol ? Even to sell crude oil they can't. Tinubu will eventually sell those refineries to his friends . They are only trying to make it look as if they have tried their best . Those refineries will be sold ,they are only bidding their time .
When atiku said it that he will sell them ,dumb Nigerians started shouting ,Tinubu knowing how dumb Nigerians are quickly cashed in on it and Tod them he will make it work ,now has it started working ? Those refineries won't work ,it will be sold as total scrap and the worst Nigerians will do will be to rant online .

THE EARLIER NIGERIANS REALIZE HOW TOTALLY USELESS AND DISHONEST TINUBU IS ,THE BETTER FOR THEM . NIGERIANS SHOULD LOOK BACK SINCE TINUBU CAME IN AND POINT OUT ONE THING HE HAS PROMISED SINCE BECOMING PRESIDENT AND HAS DONE , HE WILL PROMISE THEN TURN BACK ONCE PEOPLE BELIEVE HIM AND RELAX
Like state police
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by kereman1: 11:07am On Aug 18, 2024
They should set a standard for them, with proper monitoring
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by Bobloco(op): 11:08am On Aug 18, 2024
angry
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by Basicend: 11:08am On Aug 18, 2024
Until they are sold out to a private firm to manage, you will keep dreaming.
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by MrFact: 11:10am On Aug 18, 2024
Divide the country, says people who stereotype each other based on states. The earlier we realise our constitution is useless, the earlier we will wake up.
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by ceejay80s(m): 11:10am On Aug 18, 2024
onatisi:
Nigerians should keep dreaming .
Which NNPC will sell locally refined petrol ? Even to sell crude oil they can't. Tinubu will eventually sell those refineries to his friends . They are only trying to make it look as if they have tried their best . Those refineries will be sold ,they are only bidding their time .
When atiku said it that he will sell them ,dumb Nigerians started shouting ,Tinubu knowing how dumb Nigerians are quickly cashed in on it and Tod them he will make it work ,now has it started working ? Those refineries won't work ,it will be sold as total scrap and the worst Nigerians will do will be to rant online .

THE EARLIER NIGERIANS REALIZE HOW TOTALLY USELESS AND DISHONEST TINUBU IS ,THE BETTER FOR THEM . NIGERIANS SHOULD LOOK BACK SINCE TINUBU CAME IN AND POINT OUT ONE THING HE HAS PROMISED SINCE BECOMING PRESIDENT AND HAS DONE , HE WILL PROMISE THEN TURN BACK ONCE PEOPLE BELIEVE HIM AND RELAX
correct
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by DeOTR: 11:12am On Aug 18, 2024
It would have been better to use the resources they've been sinking into these refineries to start building a new one and sell the old one as scrap metal to the "Iron condemn" Aboki people.
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by ceejay80s(m): 11:12am On Aug 18, 2024
to fight war just dey hungry me
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by omowolewa: 11:13am On Aug 18, 2024
Good
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by sylve11: 11:13am On Aug 18, 2024
DJInfluence:
The biggest mistake successive administrations have made of trying to revive the refineries when building new ones would've been much cheaper and better.
Nigerians can't manage anything that belongs to the government just as the government can't manage Nigerians. angry cool
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by Kelklein(m):
NNPC is only acting on direct instructions from above.. to buy and distribute imported fuel blended in Malta..

We all knew whose interests are there.. but we pretend too much in this country.

How Nigerians are queuing up to buy fuel at N900 still needs to be studied. Me think say na juju..🤔

Fuel queues used to be a once in a while event in our country even when fuel was N65 but now it is our daily reality for the past 15 months and counting..

How else do you define failure of a government who is suppose to be fully in charge of the citizens' welfare🤔

A thinking and responsible government should be embarrassed by all of these
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by Babamide(m): 11:15am On Aug 18, 2024
NNPCL is an illusion. They is no refinery upgrade or maintenance going on. There are no plans to refine fuel locally or get the refinery working. Why do Nigerian keep deceiving themselves. There is no better money embezzlement scheme for government to benefit from than fuel importation so why would they invest in local refining?? Mele Kyari and his Ogas at the top are all mad.
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by ufotunang: 11:15am On Aug 18, 2024
I have already said it let those government refineries be sold out to the private sector private investors entrepreneurs to operate and run this refineries..it's the private sector private investors entrepreneurs that can operate and run bussinesses, refineries very well and effective..the role of government is to provide a conducive environment for bussinesses companies industries refineries, petroleum sector to thrive,excel and expand not to go into bussinesses and operating and running refineries.. because of the corruption, greediness, selfishness, misappropriation of funds, looting, embezzlement of funds in NNPC and the federal government those refineries cannot work... simple
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by Starville8: 11:16am On Aug 18, 2024
Fact
Re: NNPCL Must Sell Locally-refined Petrol Now - Daily Trust by thatigboman: 11:17am On Aug 18, 2024
I dont understand all this talk of 6 missed deadlines. GMD NNPC said it long ago that the earliest port harcourt refinery will open is December 2024. And we are still in August
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