Nigeria In One Minute
Refineries TAM: Endless drain pipe with little hope for fuel self-sufficiency
The Nigerian National Petroleum Corporation (NNPC) may be on a collision course with Nigerians over its planned rehabilitation of the country’s ailing refineries even after similar efforts in the past had failed to yield the expected result.
The bone of contention at the moment is the failure of the NNPC to tell Nigerians, stakeholders and members of Civil Society Organisations (CSOs), what the current rehabilitation works would cost the country
This has arguably left stakeholders querying the rationale behind the decision of the state oil corporation to commence first phase of rehabilitation works on 210,000 barrels per day (bpd) Port Harcourt Refinery which would be followed by Warri and Kaduna refineries in line with government’s effort to attain local sufficiency in refined petroleum products.
Read more: The Sun April 29, 2019
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