NNPC TO SHUT THREE REFINERIES FOR MAINTENANCE

Everest Amaefule and Feyisayo Popoola The Nigerian National Petroleum Corporation will soon shut down three of its four refineries, according to the Group Managing Director, Dr. Maikanti Baru, has said. Baru, who said this on the sidelines of the inaugural Nigerian Pipeline Security Conference and Exhibition, stated that the purpose of the closure of the refineries located in Port Harcourt, Warri and Kaduna was to rehabilitate and restore them to nameplate capacities. According to him, the rehabilitation work will restore the refineries to nameplate capacities by 2019 when the country…

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FG SELECTS TWO INVESTORS TO BUILD REFINERIES IN WARRI AND PORT HARCOURT

1  To provide financial support to modular refineries Ejiofor Alike The federal government has stated that two private Nigerian firms have been selected to build 217,000 barrels per day refineries in Port Harcourt and Warri under the co-location concept initiated by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu. Modalities are also being worked out by the federal government to offer financial support to operators who were licensed to build modular refineries in the country. Kachikwu had initiated the concept of co-location of refineries to ensure that new…

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ILLEGAL OIL REFINERS VOW TO CONTINUE ACTIVITIES UNTIL…..

By Davies Iheamnachor PORT HARCOURT— Former illegal oil refiners in Rivers State have vowed to continue in their illegal dealings in petroleum products until the Federal Government provides them with empowerment. Illegal refinery operators The artisanal refiners, who are mainly drawn from the Ogoni extraction, noted that they cannot leave their only source of survival until the Federal Government provides them an alternative. Their position was disclosed to Minister of State for Environment and Chairman, Governing Council, Hydrocarbon Pollution Remediation Project, Ibrahim Jibrin, in Port Harcourt, at a one-day consultative…

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FG LICENCES 10 MORE MODULAR REFINERIES

Modular Refinery Unit As part of efforts to expand the nation’s refining capacity, the federal government has licensed 10 more modular refineries, making it 32 so far licensed. As at end of first quarter of last year, 22 modular refineries had been licensed by the Department of Petroleum Resources (DPR) with daily refining capacity of 1,429,000 million barrels per day while conventional refineries of between 30,000 to 650,000 barrels per day stood at 35 in number. Speaking in Lagos at the third edition of Lagos Chamber of Commerce and Industry…

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