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Nigeria’s Refineries Remain Moribund Despite Gulping $367m In Repairs – NNPC

Nigeria’s Refineries Remain Moribund Despite Gulping $367m In Repairs – NNPC

The Nigerian National Petroleum Corporation (NNPC) has confessed that refineries in Nigeria processed almost no crude oil in the 13 months to June end, despite huge costs incurred in repairs.

The national oil company said that during the same period, operating costs for the country’s four main oil refineries, which the NNPC has shuttered pending revamps, totaled $367 million.

The data, which the NNPC released last Thursday in Abuja, blamed the inactivity to rehabilitation work going on in the refineries.

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Source: OrientEnergyReview

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