Tuesday, 29 November 2016

NNPC CONSIDERS SOURCING FOR CRUDE OIL IN NIGER REPUBLIC FOR KADUNA REFINERY

The Nigeria National Petroleum Corporation (NNPC) at the weekend said it is considering sourcing for crude oil from Niger Republic for the Kaduna Refinery. The corporation said it has the approval of President Muhammadu Buhari for the project.
 
The operation of the refinery has been hampered by a combination of poor maintenance and lack of crude oil supply from the Niger Delta as militants’ attacks on pipelines show no sign of abating.

A statement by NNPC’s spokesman, Ndu Ughamadu, said the corporation’s Group Managing Director, Dr. Maikanti Baru, who disclosed this in Kaduna during a town hall meeting with the staff of refinery in Kaduna reiterated its commitment to the upgrade and expansion of the Kaduna Refining and Petrochemical Company Limited (KRPC) in line with the 12 key business focus areas of the current management.

Baru expressed the hope that the plan would return the refinery to the path of growth and profitability. He stated that efforts are ongoing to explore the possibilities of piping crude oil from Niger Republic to be refined in KRPC adding that President Muhammadu Buhari was personally committed to the project.


He said it was important to explore alternative crude supply to KRPC, which has been affected by vandalism of pipelines and obsolescence assuring that the initiative will reduce downtime of the plant and ensure optimal utilisation. (Authority)