Stella Dimoko Korkus.com: FG May Sell Warri And Kaduna Refineries

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Sunday, July 30, 2017

FG May Sell Warri And Kaduna Refineries

There are indications that the Federal Government will sell two of its three crude oil refineries that are found to have become commercially unviable as part of measures to boost the nation’s refining sector.


The two refineries likely to be sold, according to a report of the Nigerian National Petroleum Corporation obtained by Punch on Friday, are the Warri Refining and Petrochemical Company and the Kaduna Refining and Petrochemical Company

The NNPC said last week that the consolidated capacity utilisation of the three government-owned refineries dropped to 23.09 per cent in May, from 24.59 per cent in April.


The third refinery being managed by the NNPC is the Port Harcourt Refining Company.

Although the Ministry of Petroleum Resources, in the new National Petroleum Policy approved by the Federal Executive Council, said the government aimed to make the refineries successful and commercially viable enterprises, it stressed that government was ready to sell any of them that failed to meet respond promptly.

Punch

9 comments:

  1. Sell? Of course, sell to themselves!

    ReplyDelete
    Replies
    1. That is it, no hope for a poor man.

      chim-oma a.k.a. Miss Kapusu

      Delete
  2. Smh. There wwas a country. Electricity privatised, NPA. Jesus. Are we that stupid in this country?

    ReplyDelete
  3. Nigeria is so messed and the government along with the masses caused it.

    ReplyDelete
  4. Very soon they will start selling the masses

    ReplyDelete
  5. Can they just sell the country to America, Canada or Britain...Tired of this country

    ReplyDelete
  6. 'They are free to sell Kaduna but they shouldn't make the mistake of selling any one in the oil producing states bc it's a way of generating jobs for them. What is kaduna refining ? You transport crude how many miles to refine? They just call us fools.

    ReplyDelete
  7. Please tell Okowa to fix the road around the refinery axis. When loading is going on in the refinery, that place is unpassable because there is only one road and it is bad

    ReplyDelete

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