Nigeria’s Refineries Post Dismal Operating Figures
Nigeria’s four largest refineries operated at less than half capacity during 2017, according to the Premium Times. In figures provided by the state-owned oil company, Nigeria National Petroleum Corporation, to the Premium Times, the best performing refinery was the Warri Refining and Petrochemical Company Limited, which achieved 42.6 percent of its operational capacity in January. The plant has an installed capacity of 125,000 barrels of oil per day.
The Kaduna Refining and Petrochemical Company Limited had the worst performance, operating at 34.4 percent capacity in February — its highest performance for the year. The Kaduna refinery has a capacity of 110,000 barrels of oil per day. For all four refineries combined, the best performance was in January, operating at 36.73 percent of total installed capacity. In total, the four refineries have an installed capacity of 445,000 barrels of oil per day.
Addressing the country’s lack of refining capacity as well as its aging refining infrastructure has been a top priority for government officials and private investors.
“The programme we have is total rehabilitation, it is no longer a matter of turn-around maintenance because the level of decay is enormous,” said NNPC’s Group Managing Director of the Corporation, Maikanti Baru, in a NNPC News publication.