Marketers demand sale of 2 refineries, as NNPCL slashes prices again 

Oil marketers demand

…Begin fuel loading from Warri refinery   The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has asked the Federal Government to privatise government-run refineries, allow competition, and boost transparency, accountability and investment in infrastructure, in order to enhance operations in the downstream sector.  The marketers, who made the demand in its ‘2024 Retrospective and Outlook’ document, released at the weekend,  urged the Federal Government to privatise Warri and Kaduna refineries. They also asked the Government to enforce local content development, boost the effectiveness of compressed natural gas (CNG) in…

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‘Warri Refinery produces only diesel and kerosene, not petrol’ – Staff

Warri Refinery

The Warri Refining and Petrochemicals Company (WRPC) in Delta State has resumed limited operations, producing only Automotive Gas Oil (diesel) and Dual Purpose Kerosene, according to workers at the facility.  Despite the plant’s 125,000 barrels-per-day (bpd) capacity, it was gathered that two of its three processing units remain non-functional, hindering the production of Premium Motor Spirit (a.ka petrol), the most in-demand fuel. NNPCL Group CEO Mele Kyari, during a recent visit to the refinery, claimed progress, though staff disclosed ongoing challenges. The tour had also included the Chief Executive Officer…

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“Fix Warri Refinery; stop deceiving Nigerians”, IPMAN to FG

The Independent Petroleum Marketers Association of Nigeria, (IPMAN), has called on the Federal Government to fix Warri Refinery and stop deceiving Nigerians under the guise of Turn-Around Maintenance (TAM) while they are doing nothing. Chairman, Electoral Committee, Warri Depot and National Officer, IPMAN Mid-West zone, Chief Ben Odjugo, made this call in Warri, Delta State, during the Annual General Meeting (AGM) of IPMAN, Warri Depot, held at Government House, Annex, Warri. The Association also appealed to the Federal Government to make petroleum products available to Warri Depot, just as they…

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

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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