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No TAM on refineries for 42 years — Baru

Ganduje’s commissioner calls Kwankwaso Satan, orders supporters to stone Senator [VIDEO]

The Group Managing Director of the Nigerian National Petroleum Corporation(NNPC), Dr Maikanti Baru, said that the country’s refineries had not undergone Turn Around Maintenance(TAM) for an aggregate of 42 years.
Continue reading No TAM on refineries for 42 years — Baru at Vanguard News Nigeria. …

Buhari in ‘relay anchor’ for refineries rehabilitation

Sonny Atumah
Many Nigerians may not know that there are refineries in Nigeria. Our four refineries have been comatose in a quarter of a century. Those who know that four refineries exist in Nigeria, wonder day and night why their national infrastructures in Port Harcourt (1&2), Warri and Kaduna would operate at zero level.
Where did we go wrong? General Sani Abacha spent five years as Head of State exporting crude oil and importing fuel, sometimes smelling fuel.
Continue reading Buhari in ‘relay anchor’ for refineries rehabilitation at Vanguard News Nigeria. …

Refineries’ sale: Minister’s power to fix fuel price turns to obstacle

Refineries’ sale: Minister’s power to fix fuel price turns to obstacle

Okon explained that Section 6 of the Petroleum Act remained a major setback and reason why investors might not find the refineries attractive for business. Adewale Sanyaolu The aspiration of the country to privatise its refineries in Port Harcourt, Warri and Kaduna may have yet suffered a fresh setback as the minister’s power to fix […]
The post Refineries’ sale: Minister’s power to fix fuel price turns to obstacle appeared first on The Sun Nigeria. …

Refineries failures costs $1bn annual savings

THERE are indications that the inability of the country’s refineries to meet domestic demand for petroleum products may have affected the Nigerian National Petroleum Corporation, NNPC, projected annual revenue savings of $1 billion.
Continue reading Refineries failures costs $1bn annual savings at Vanguard News Nigeria. …

Refineries production capacity down by 18%

Refineries production capacity down by 18%

Adewale Sanyaolu The Federal Government’s failure to turn around its ailing refineries has caused an 18 per cent decline in production capacity. The abysmal performance of the refineries is contained in the latest monthly financial report (April edition) released by the NNPC. The report indicated that Premium Motor Spirit (PMS) popularly called petrol and Dual […]
The post Refineries production capacity down by 18% appeared first on The Sun Nigeria. …

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