Tag: Kaduna Refinery

Kaduna Refinery to resume 60% production capacity by December – MD

Aminu Imam
Kaduna Refinery

The management of the Nigerian National Petroleum Company Limited, (NNPCL), has said that the rehabilitation of the Kaduna Refining and Petrochemicals Company, (KRPC), would be completed by the end of 2024. Managing Director of KRPC, Mustafa Sugungun, made this disclosure on Monday, during an oversight visit to the refinery by members of the Senate Ad Hoc Committee on Petroleum Downstream, led by Senator Ifeanyi Ubah. He pointed out that the 110,000-barrel-per-day refinery will start producing at 60 percent capacity by the end of the year, while full production will take…

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‘Kaduna, Dangote, BUA refineries may source crude oil from abroad’

Aminu Imam

The Nigerian National Petroleum Company Limited (NNPCL) may begin importation of 110, 000 barrels of crude oil per day from Venezuela or Saudi Arabia to operate the Kaduna Refinery, due to come on stream next year. Also, according to reports, the Dangote, Bua and other refineries may be forced to import about 1.322 million barrels of crude oil per day amid oil production challenges in Nigeria, existing contracts on crude oil swap as well as other commercial issues. Currently, the Dangote Refinery, with 650, 000 barrels per day refining capacity,…

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Kaduna Refinery to be ready Q4, 2024 – Minister

Aminu Imam

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has revealed that the ongoing quick-fix project at the Kaduna Refinery and Petrochemicals Company Limited will be back on stream by the end of 2024. This was disclosed in a statement posted on the official X (formerly Twitter) handle of the Nigerian National Petroleum Company Limited (NNPCL), yesterday. According to the statement, Lokpobiri disclosed this yesterday, during an inspection tour of Kaduna Refinery & Petrochemicals while assessing the progress of work on the ongoing quick-fix project of the refinery. The…

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NNPC Kaduna Refinery: ‘How contractors milked FG of billions on TAM’

Aminu Imam

Indications have emerged that Nigerians may have to wait a little longer before locally refined petroleum products would be available in order to halt the rising cost of imported fuel, which landing cost is currently put at N720 per litre. This is due to the fact the four refineries of Warri, Kaduna and two at Port Harcourt are far from being ready, even though the Federal Government awarded contracts for their rehabilitation. Recall that the Nigeria National Petroleum Company NNPC) Ltd, last year signed a Memorandum of Understanding (MoU) with…

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NNPCL signs $741m deal to rehabilitate Kaduna refinery

Aminu Imam

The Nigerian National Petroleum Company Limited, (NNPCL) has struck a $741 million deal with the South Korean engineering firm, Daewoo Engineering and Construction Company, to rehabilitate the Kaduna oil refinery. According to Bloomberg, NNPCL signed the maintenance service contract with the South Korean firm at a ceremony which was held yesterday. In an issued statement by the company, it stated that, “Under the terms of the agreement, Daewoo will restore production at the inoperative 110,000 barrels-a-day facility to at least 60 percent of its capacity by the end of 2024.…

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Revealed: Moribund Port Harcourt, Kaduna, Warri refineries incur loss of N778bn in five years!

Ishaku Yohanna

The government-owned refineries, being run by the Nigerian National Petroleum Corporation, reported a total loss of N778.71bn from 2015 to 2019, an analysis of data collated from their financial statements has shown. The refineries generated total revenue of N21.12bn in the five-year period as they operated at below their full capacities. The refineries, which are located in Port Harcourt, Kaduna and Warri, have a combined installed capacity of 445,000 barrels per day. The country relies largely on importation of refined petroleum products as its refineries have remained in a state…

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