The Nigerian National Petroleum Corporation (NNPC) hopes
that its domestic refineries can cover 20 percent of Nigeria’s petroleum
products needs, the head of refining recently told Reuters.
Ian Udoh, the group executive director of refining and
petrochemicals, said that he expected to receive six cargoes a month of
Nigerian Bonny Light and Escravos crude oil to run 180,000 barrels per day
(bpd) or 40 percent, of Nigeria’s total refining capacity. He said he expected to produce 8 million
litres a day of petrol, accounting for about 20 percent of Nigeria’s estimated
consumption.
The 125,000 bpd Warri refinery started production after
maintenance and is expected to run at 60,000 bpd. The Port Harcourt complex
will start ramping up over the next two weeks but only the newer of the two
plants at the site is functional and at 90,000 bpd versus its 150,000 bpd
capacity. The last refinery to restart will be the northern Kaduna refinery as
it will take about two more weeks to repair the pipeline bringing crude from
the oil-rich delta in the south.
Nigeria has wholly depended on subsidised fuel imports and
crude-for-product swap agreements and suffered acute fuel shortages in May.
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