04 April, 2014

36-YEAR-OLD WARRI REFINERY GROUNDED

Few weeks after refining activities at the Port Harcourt refinery were grounded, the same fate has befallen the 36-year-old Warri Refining and Petrochemicals Company.
New Telegraph investigations showed t
hat the 125, 000 barrels capacity facility stopped working because there was no crude to refine. General Manager, Public Affairs of the Nigerian National Petroleum Corporation (NNPC), Dr. Farouk Ibrahim, could not be reached for his comments, but a source at the corporation told New Telegraph that the refinery is currently not functioning.
“Yes, the refinery is not functioning, this is all I can tell you now,” he said. This setback, according to him, was caused by the inability to transport crude to the facility due to attacks on pipelines.

“As at the moment, the refinery is starved of crude oil and I don’t know how it would be functional without oil,” the source said. It will be recalled that the 210, 000 barrels per stream day (bpsd) capacity Port Harcourt refinery had also suffered the same fate, making the total shut-in oil barrels to be 335, 000 barrels.
The Port Harcourt refinery is starved of crude, a situation that had already made it to, in just 82 days, beginning from last year; lose a cumulative of 17.22 million barrels.

Source: New Telegraph

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