The latest operational performance of the nation’s refineries as released by the Nigerian National Petroleum Corporation shows that two of the plants in Kaduna and Port Harcourt have been dormant.

According to the NNPC, while the two refineries cannot refine any crude oil, the one in Warri is performing better, as its capacity utilisation has appreciated considerably. The refineries are the Warri Refining and Petrochemical Company, Port Harcourt Refining Company and Kaduna Refining and Petrochemical Company.

An analysis of the NNPC’s March 2018 operational performance of the refineries, which is the most recent, showed a capacity utilisation of zero per cent for both the PHRC and KRPC in the month under review. The WRPC recorded 51.32 per cent in the same month. Further findings showed that the decline in the cumulative performance of the refineries reduced the group profit of the NNPC by N5bn.

Source: The Punch

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