The Nigerian National Petroleum Corporation (NNPC) has indefinitely shut down two of the nation’s three refineries due to increase in their operation costs and several maintenance interventions.
A Government official told Dailytrust that the two refineries had been down in July and yet to resume production till date.
“Kaduna refinery (KRPC) is about to start complete overhaul – Turn Around Maintenance (TAM). Once the assessment is finished, we will have an idea (when it will be back),” the official said, adding that only the Port Harcourt refinery is functioning at the moment.
Checks by Dailytrust Newspaper showed that both refineries have suffered intermittent shut downs this year.
The 125,000 barrels per day (bpd) Warri refinery had only in January resumed production but operations were halted again in March due to a power problem.
NNPC in its latest operations report for July announced ₦11.87 billion loss which it attributed to the downtime and “unimpressive performance of the refineries.”
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