just now

    • Kenyan firm bags $7.9mn WFP fuel supply tenders

      APA-Nairobi(Kenya) — The Kenyan based Energy solutions services provider, Dalbit has secured two major petroleum products supply contracts with the World Food Programme (WFP) in Gulu, Northern Uganda a...

    • S/Africa should confront past to move forward – VP

      APA-Pretoria (South Africa) — While calling for unity‚ Vice President David Mabuza has appealed to South Africans to address the issue of land expropriation‚ saying it would be an injustice to turn a blind eye...

    • Bissau urges lifting of sanctions on army officers

      APA-Bissau (Guinea-Bissau) — The Bissau-Guinean President Jose Mário Vaz on Monday requested the lifting of sanctions imposed on some army officers, saying “they no longer pose a threat to peace.”

    Nigeria-Refinery-Maintenance

    Nigeria’s NNPC to commence overhaul of refineries 2Q – Official

    APA – Lagos (Nigeria)

    Despite the widespread opposition to the planned overhaul of the ailing Nigerian refineries, the state-run Nigerian National Petroleum Corporation (NNPC) says the overhaul of the refineries will begin in the second quarter of this year.

    The opposition stems from the fact that millions of dollars had been spent in the turnaround maintenance of the ailing refineries in the past without any appreciable results.

      

    The Chief Operating Officer of Refineries and Petrochemicals of the NNPC, Mr. Anibor Kragha, told the African Refiners Association Conference in Cape Town on Tuesday that the NNPC was in the final stages of talks with consortiums, including top traders, energy majors and oil services companies to revamp its long-neglected oil refineries in an effort to reduce its reliance on imported fuel.

    “We believe that by the second quarter of this year, we will start the ball rolling on the refurbishment and rehabilitation exercise. This will run to the end of next year.

    “We are working with consortia right now; negotiating terms, trying to finalise the time sheets so that we can access the money, through the end of 2019 when we believe we will have the minimum 90 percent capacity utilization in place,” local media reports on Wednesday quoted Kragha as saying.

    Nigeria has four refineries with a total capacity of 445,000 barrels per day (bpd), but they operate far below the installed capacities due to poor maintenance culture and years of neglect.

    The refineries, according to NNPC reports, recorded their highest capacity utilization of 37 percent last year and dropped to 5.92 percent in November 2017.


    GIK/APA

    React to this article