Buhari Closes Down Four Petroleum Treatment facilities In Nigeria (Read Full Details)

Buhari Closes Down Four Petroleum Treatment facilities In Nigeria (Read Full Details)
Join @Naijakit On Telegram For Instant Updates (Click Here)

NEWS!: Buhari Closes Down Four Petroleum Treatment facilities In Nigeria

Buhari Closes Down Four Petroleum Treatment Facilities In Nigeria

The four oil refineries in the country located in Port Harcourt, Warri and Kaduna have been shut down by President Buhari.

The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, revealed this on Channels Television’s Politics Today programme on Wednesday.

Responding to a question, the NNPC boss said,

“First, all the four refineries in three locations are shut down and it was a deliberate decision for two reasons. One is that delivery of crude oil to these refineries is completely challenged because the pipeline network has been completely compromised by vandals and all kinds of people that will not allow us to operate these pipelines.

“That means you are not able to deliver crude oil to these refineries effectively to their maximum capacity. Secondly, what you call rehabilitation is different from the turn around maintenance. Turnaround is routine which every refinery does but when you talk about rehabilitation, it is that colossal loss of capacity in the refinery and it means you haven’t done the turnaround maintenance properly.

“Typically, every refinery is expected to operate at 90 per cent of its installed capacity. With the best of effort, with all the turnaround maintenance that has taken place, it is impossible to run any of the refineries before the shutdown at that level. Our estimate was to run it at 60 per cent of capacity but if you do that, all you are doing is value destruction. You will take $100 crude into the refinery and bring out $70 product. It doesn’t make sense.”

Your Reaction On "Buhari Closes Down Four Petroleum Treatment facilities In Nigeria (Read Full Details)" Is Important..
Like or Dislike?


POSTED: 1 year ago

Naijakit creates content to benefit users and artists alike. We do this by showing data in an easy-to-digest format.

We help artists track their progress, promote songs and reach their target audience.

We have permission from the artists to display most of our content, where we do not request permission, Naijakit use content under fair use for purposes such as criticism, comment, news reporting, promotion, and research.

Please do not hesitate to contact us, If Naijakit has infringed on your copyright or the copyright of someone you represent, and you want your media files and lyrics to be removed from Naijakit database.

Naijakit will respond to “any and all take-down requests” that comply with the requirements of the Digital Millennium Copyright Act (DMCA), and other applicable intellectual property laws.

Where we get songs to upload?

Naijakit have an upload form on the site, where users have to be registered

to upload song. Admin look at the song and decide if to approve it or not after some checks.

We also receive songs from artists representatives, artists, bloggers asking us to promote songs on our site.

Naijakit TV


Write a Comment


*NOTE:* You Need To Provide a Valid Phone Number Incase we want to reach you back. or you want us to contact you back.. Via your comment.. Thanks, Your Comment is important to us!