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NNPCL To Hand Over Warri, Kaduna Refineries To Private Operators - Politics - Nairaland 4j3b6b

NNPCL To Hand Over Warri, Kaduna Refineries To Private Operators (20204 Views)

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treesun: 10:59am On Aug 30, 2024
The Nigerian National Petroleum Company Limited says it is seeking to engage reputable and credible Operations and Maintenance companies, to operate and maintain the Warri Refining and Petrochemical Company and the Kaduna Refining and Petrochemical Company.

This was disclosed in a statement on Friday on its official social media handle.

The Warri refinery located at Warri in Delta State was commissioned in 1978. Warri is a complex conversion refinery with a nameplate distillation capacity of 6,250,000 MTA (125,000 bpd). The refinery complex includes a petrochemical plant commissioned in 1988 with production capacities of 13,000 MTA of polypropylene and 18,000 MTA of carbon black. The refinery is meant to supply markets in the south and southwest regions of Nigeria.

On its part, the Kaduna refinery was commissioned in 1980 to supply petroleum products to Northern Nigeria with a capacity of 50,000 B/D. In 1983, the capacity was expanded to 100,000 B/D by adding a second 50,000 B/D crude train dedicated to the production of lubricating oils (lubes). In 1986, the capacity of the first crude train was expanded to 60,000 B/D. The expansions have increased the current nameplate capacity of the refinery to 110,000 B/D.

https://www.channelstv.com/2024/08/30/nnpcl-to-hand-over-warri-kaduna-refineries-to-private-operators/

14 Likes 2 Shares

CyrusVI(m): 11:00am On Aug 30, 2024
They should have done this since 1800 but its fine to do that now

Under a private operator, we can be sure of increased production over the next 12months as private firms tend to keep pushing their operational capacity to the extreme in a bid to secure bigger profits

Demands will be met and we may not experience fuel scarcity again.

Kyari thought this through and it sounded sane to him. It does to me too


Kudos

43 Likes 4 Shares

iwaeda: 11:04am On Aug 30, 2024
treesun:
The Nigerian National Petroleum Company Limited says it is seeking to engage reputable and credible Operations and Maintenance companies, to operate and maintain the Warri Refining and Petrochemical Company and the Kaduna Refining and Petrochemical Company.

This was disclosed in a statement on Friday on its official X handle.

The Warri refinery located at Warri in Delta State was commissioned in 1978. Warri is a complex conversion refinery with a nameplate distillation capacity of 6,250,000 MTA (125,000 bpd). The refinery complex includes a petrochemical plant commissioned in 1988 with production capacities of 13,000 MTA of polypropylene and 18,000 MTA of carbon black. The refinery is meant to supply markets in the south and southwest regions of Nigeria.

On its part, the Kaduna refinery was commissioned in 1980 to supply petroleum products to Northern Nigeria with a capacity of 50,000 B/D. In 1983, the capacity was expanded to 100,000 B/D by adding a second 50,000 B/D crude train dedicated to the production of lubricating oils (lubes). In 1986, the capacity of the first crude train was expanded to 60,000 B/D. The expansions have increased the current nameplate capacity of the refinery to 110,000 B/D.

https://www.channelstv.com/2024/08/30/nnpcl-to-hand-over-warri-kaduna-refineries-to-private-operators/

Nlfpmod is this not what Atiku said, hope Oando or our Malta partner will buy them. Kaduna can not crack Nigeria CRUDE. cry cry cry grin grin grin grin grin

53 Likes 3 Shares

GanagiBitrus: 11:06am On Aug 30, 2024
Whatever will make fuel available & affordable for Nigerians.

Problem is that most seemingly good schemes in this country never work out as intended.

23 Likes 4 Shares

Odua4life: 11:10am On Aug 30, 2024
Cool

2 Likes 1 Share

Lifestone(m): 11:12am On Aug 30, 2024
Obasanjo attempted something like this, it was reversed by Yaradua, I hope the next government will not reverse the concession. Nigerian Government don't respect contracts

50 Likes 6 Shares

Elusive001: 11:12am On Aug 30, 2024
iwaeda:


Nlfpmod is this not what Atiku said, hope Oando or our Malta partner will buy them. Kaduna can not crack Nigeria CRUDE. cry cry cry grin grin grin grin grin



Oando or any other those in governance front.

5 Likes

Melagros(m): 11:14am On Aug 30, 2024
COMRADES are speechless, heist of all times, Tinubu and APC have nothing to offer Nigerians
The process of taking over won't be transparent, the president's cronies will be the ones to take over

What a shame!

23 Likes 1 Share

iwaeda: 11:35am On Aug 30, 2024
Elusive001:




Oando or any other those in governance front.

Let them buy them, at least government will not use them as excuse to siphon our resources. grin grin grin grin cry cry cry cry

11 Likes 3 Shares

kokoA(m): 11:38am On Aug 30, 2024
What about porthacout?
mikeapollo: 11:38am On Aug 30, 2024
iwaeda:


Let them buy them, at least government will not use them as excuse to siphon our resources. grin grin grin grin cry cry cry cry
What if the new owners form a cartel or oligopoly and decide to sell fuel at astronomically high prices like N2,000+ per liter? How would people survive.

4 Likes

iwaeda: 11:42am On Aug 30, 2024
mikeapollo:

What if the new owners form a cartel or oligopoly and decide to sell fuel at astronomically high prices like N2,000+ per liter? How would people survive.
Dangote will RESCUE us. NNPCL will still be importing. grin grin grin grin grin cry cry

6 Likes 2 Shares

11Monkeys: 11:46am On Aug 30, 2024
treesun:
The Nigerian National Petroleum Company Limited says it is seeking to engage reputable and credible Operations and Maintenance companies, to operate and maintain the Warri Refining and Petrochemical Company and the Kaduna Refining and Petrochemical Company.

This was disclosed in a statement on Friday on its official X handle.

The Warri refinery located at Warri in Delta State was commissioned in 1978. Warri is a complex conversion refinery with a nameplate distillation capacity of 6,250,000 MTA (125,000 bpd). The refinery complex includes a petrochemical plant commissioned in 1988 with production capacities of 13,000 MTA of polypropylene and 18,000 MTA of carbon black. The refinery is meant to supply markets in the south and southwest regions of Nigeria.

On its part, the Kaduna refinery was commissioned in 1980 to supply petroleum products to Northern Nigeria with a capacity of 50,000 B/D. In 1983, the capacity was expanded to 100,000 B/D by adding a second 50,000 B/D crude train dedicated to the production of lubricating oils (lubes). In 1986, the capacity of the first crude train was expanded to 60,000 B/D. The expansions have increased the current nameplate capacity of the refinery to 110,000 B/D.

https://www.channelstv.com/2024/08/30/nnpcl-to-hand-over-warri-kaduna-refineries-to-private-operators/


So Thièfnubu has finally sold public property to himself. Same thing Thièfnubu accused Atiku Abubakar years back.

Truth is, Nigeria currently has the world most prolific criminal as president.

22 Likes 3 Shares

tutudesz: 11:54am On Aug 30, 2024
So indirectly undecided the timeline of operation is not possible again abil
So after wasting billions on repair work, upgrading, training, etc and promising operation to resume before year ending undecided this is the next lie

23 Likes 2 Shares

Elusive001: 11:55am On Aug 30, 2024
iwaeda:


Let them buy them, at least government will not use them as excuse to siphon our resources. grin grin grin grin cry cry cry cry




Hmmmmmmm
dimgbajwe: 12:00pm On Aug 30, 2024
Kaduna refinery is almost useless to any potential buyer. Any investor who falls for it might end up committing investment suicide

7 Likes

tuoyoojo(m): 12:05pm On Aug 30, 2024
My own be say make dem nor sell am below the market price and it should follow now bidding process
Emu4life(m): 12:05pm On Aug 30, 2024
Relatives, Friends and Cronies

62 Likes

Raxxye(m): 12:05pm On Aug 30, 2024
I would have been happy with this news, but it just may turn out to be another avenue to vandalize the assets and fleece the nation's resources. It has happened before at Ajaokuta and Ikot Abasi (ALSCON).
I just hope I'd be proven wrong!

6 Likes 1 Share

Olachase(m): 12:05pm On Aug 30, 2024
if them say no wahala no wahala

if them say wahala day no wahala

60 Likes

Starboytwo(m): 12:06pm On Aug 30, 2024
Any news about any refinery is a useless news..

Make them no make me vex this afternoon.

6 Likes 2 Shares

Cj4charles(m): 12:06pm On Aug 30, 2024
sad
pongwa(m): 12:06pm On Aug 30, 2024
treesun:


https://www.channelstv.com/2024/08/30/nnpcl-to-hand-over-warri-kaduna-refineries-to-private-operators/
las las we know wetin go end all this. A government that cannot be trusted is setting up stage for anarchy

2 Likes

Klington: 12:06pm On Aug 30, 2024
handsomeyinka(m): 12:07pm On Aug 30, 2024
Refinery Na scam.

2 Likes

AnyanwuSK: 12:07pm On Aug 30, 2024
Hmm
IrepChrist: 12:07pm On Aug 30, 2024
The presidency should declare a state of emergency on the health sector. There are lots of shady deals going on there.....
Zico5(m): 12:07pm On Aug 30, 2024
Tinubu is truly cooking something and I'm very sure he cannot survive what will happen to him after leaving government. He should corner whatever he can and enjoy the loot for the next 2+ years and the rest will be story. So his aim is just to take over Nigeria assets the way he did to Lagos state properties. Did this man think he will live forever. Did he think Nigerians are fools. All the assets they have privatised are in bad condition. Power holding company is degenerating on daily basis despite masses paying astronomical wages on it. It shall not be well with all of them.

5 Likes 1 Share

emmanuel596(m): 12:08pm On Aug 30, 2024
I don't trust the nnpc under APC and Tinubu

1 Like

VirginOlosho: 12:08pm On Aug 30, 2024
Damn
Ejehhhh: 12:08pm On Aug 30, 2024
Igbo Amaka

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