Monday 23 January 2012

Refineries to achieve 90% production capacity by 2013 – NNPC boss


The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Engr. Austen Oniwon has assured that the existing three refineries in the country would come up to 90 per cent production capacity by December 2013.
Oniwon, who gave the commitment over the weekend while speaking with journalists, said the on-going turn-around maintenance of the refineries was part of effort towards ensuring adequate local refining of petroleum product.
He admitted that the nation’s refineries were not doing well but assured that NNPC has designed refinery revitalization working plan using the original contractors that built the refineries.
According to the GMD, the Port Harcourt refinery will commence the projected capacity production by the fourth quarter of 2012 to be followed by Kaduna refinery by the first quarter of 2013, while Warri refinery will come on stream by the fourth quarter of 2013.
Onwion said, “In my presentation last week before House of Representatives Ad-hoc Committee on the Monitoring of the Subsidy regime, I made it clear that at 90 per cent, the three refineries will be able to produce 20.3 million litres of PMS, 9.2 million litres of kerosene and 15.3 litres of diesel as compared to the average national daily consumption of 35 million litres of PMS, 10 million litres of kerosene and 12 million litres of diesel.”
Assuring that his work plan was achievable, Onwion tasked Nigerians to be on watch out and monitor the implementation adding that, the public should hold NNPC management accountable over the promise.
The NNPC boss further noted that the coming on stream of three Greenfield refineries to be built by Chinese companies will not only make Nigeria to be self sufficient in petroleum products, but will also  become net exporter of petroleum products  which he said is in line with OPEC objectives.
“NNPC aims to accelerate the construction of new refineries in Nigeria to stem the flood of imported refined products into the country, currently estimated at 10 billion dollars,” he said.
The new refineries are expected to add some 750,000 barrels per day capacity in Nigeria and position NNPC in the international trading of refined petroleum products, it said.
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