The Kaduna Refining and Petrochemical Company , one of the country ’s crude oil refineries being managed by the Nigerian National Petroleum Corporation, has remained dormant .
According to the corporation , the refinery ’s capacity utilisation has remained at zero for months, as the KRPC is not refining crude oil despite receiving the commodity .
In its latest monthly oil and gas report for June 2018 , which was obtained by our correspondent in Abuja on Wednesday , the NNPC also stated that its group trading surplus dropped from N18 .11 bn in May to N7 .15 bn in June this year .
This implies that the oil firm lost N 10 .96 bn in terms of its trading surplus within one month .
Findings showed that the firm , however , posted a positive 2018 year -to- date trading surplus, as it made N 69 .31 bn within the six - month period.
An analysis of the performances of the refineries showed that the KRPC received 78 ,833 metric tonnes of crude in the months of May and June this year .
It, however , processed no drop of crude oil in the two months, as its capacity utilisation was given as zero per cent.
The Warri Refining and Petrochemical Company processed 246 ,039 MT and 138 ,310 MT of crude in May and June , respectively , thus , the plant’s capacity utilisation dropped from 46 .55 per cent to 27 . 04 per cent in the period .
For the Port Harcourt Refining Company , it was observed that the plant processed 132 ,595 MT and 237 ,875 MT of crude oil in May and June , respectively . This showed that unlike the other two refineries, the PHRC ’ s capacity utilisation moved up from 14 .93 per cent to 27 .68 per cent in the period.
Nigeria ’s refineries have been performing poorly over time and the Federal Government often makes promises to get them fixed .
On October 18 this year , The PUNCH reported that the Minister of State for Petroleum Resources , Ibe Kachikwu , stated that the refineries would soon get investments of about $3bn . https://punchng.com/kaduna-refinery-stays-dormant-as-nnpc-loses-n10-96bn/

We all remember how Buhari promised to revamp this particular refinery in 6 months if elected but instead what we got is blood shed and poverty

SarkinYarki:
We all remember how Buhari promised to revamp this particular refinery in 6 months if elected but instead what we got is blood shed and poverty

Exactly, in conjunction with him and kachikwu. buhari is a clueless failure of our time. he has failed woefully in governance.

cc mynd44 cc lalasticlala

why waste such huge amount on a white elephant project when it can be used to genuinely empowered farmers.

what we want are the basics:

Electricity (renewable energy should be explored).

Road/railway to connect Nigerians and encourage trade between states (we are one nation yet far from one another).

Agricultural and technical empowerment (sincere): It is dangerous for any nation to regard manual labour as degrading.

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[i]Buhari is a disaster [/]i

just thinking out loud

why can't the govt legalise and improve all those illegal refineries they keep shutting down in the Niger Delta regions every year

Yet Buhari promised to resuscitate all the refineries in the first year of his regime so that fuel can sell for N45.00.... 3 years don jaa. All the Refineries are grounded. Fuel pump price now sells at N145 per litre. Buhari is confused.

bet why is buhari laidis

jamace:
Yet Buhari promised to resuscitate all the refineries in the first of his regime so that fuel can sell for N45.00.... 3 years don jaa. All the Refineries are grounded. Fuel pump price now sells at N145 per litre. Buhari is confused.

buhari the biggest scammer in Nigeria. buhari have nothing to offer.

CreepyBlackpool:
just thinking out loud

why can't the govt legalise and improve all those illegal refineries they keep shutting down in the Niger Delta regions every year

for where, they will rather send operation crocodile smile to them.buhari has nothing to offer Nigeria.

Racoon:
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Guess this lost does not include the Turn-Around Maintenance(TAM)? Nobody in this corrupt regime is even talking about the one-year One-refinery project again.This corruption in this government esp.in the NNPC is horrible.

it is horrible in Buhari regime.