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NNPC – 3 Refineries Produce 4.6m Litres Of Kerosene.

NNPC –  3 Refineries Produce 4.6m Litres Of Kerosene.

Yesterday, NNPC said that the country’s three refineries produced more 4.6 million litres of Dual Purpose Kerosene, DPK, also known as kerosene and 7.7 million litres of Automative Gas Oil also known as diesel.

The refineries are all running, they are producing and they are all fully re-streamed. We are ready to take Senators of this committee on a facility tour of all of them on a date that is convenient for the Senators to have a first-hand status of the refineries. Queue for kerosene at a Nigerian National Petroleum Corporation, Mega Filling Station in Yelwa, Bauchi State, He noted that efforts were on for the refineries to commence the production of Aviation Turbine Kerosene otherwise known as Jet A1 fuel.

NNPC Chief Operating Officer of the refineries, Mr. Anibor Kragha, said this in a statement during his presentation before the Senate Committee on Petroleum Downstream on the current status of the refineries. Kragha said the Port Harcourt Refining Company Limited, Warri Refining and Petrochemical Company, and the Kaduna Refining and Petrochemical Company, are all back on stream and that the production data was for Tuesday.

He also explained that the NNPC was also working on a holistic plan to ensure the operational integrity of the refineries, adding that the challenges of ageing equipment within the refineries were defeatable, he assured the committee that the NNPC will continue to work hard to ensure the availability of petroleum products nationwide, stressing that the refineries were also producing Premium Motor Spirit otherwise known as petrol.

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NNPC Restores Gas Pipelines In The Northern Industries

NNPC Restores Gas Pipelines In The Northern Industries

 

On Sunday, the Nigerian National Petroleum Corporation said it would complete the Ajaokuta-Abuja-Kaduna-Kano gas pipeline in order to drive energy supply projects needed to power industries in the northern part of the country, particularly those in Kaduna. The corporation also said that it would upgrade and expand the Kaduna Refining and Petrochemical Company Limited, in line with its 12 key business focus areas, so as to return the facility to the path of development and profitability.

NNPC group managing director, Dr. Maikanti Baru, announced  these during a town hall meeting with the management and staff of the KRPC in Kaduna, the incessant vandalism of oil installations in the Niger Delta seems to have made the NNPC to raise its crude oil exploration and energy growth drive in the northern part of the country in the last few months.

About 2 weeks ago, the national oil firm confirmed that it was boosting its search for crude oil in the North-East geopolitical zone, and earlier announced that it had received a directive from  the President of Nigeria to explore for crude in the Lake Chad Basin and the Benue Trough.

 

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NNPC To Upgrade Kaduna Refinery

NNPC To Upgrade  Kaduna Refinery

The Nigerian National Petroleum Corporation has reiterated its commitment to the upgrade and expansion of the Kaduna refining and petrochemical company limited in line with the 12 business focus areas of the corporation present management in order to return it to the path of growth and profitability. Maikanti baru , group managing director of the corporation made this commitment during a town hall meeting with management and staff of KRPC in Kaduna. According to a statement from Ndu Ughamadu, NNPC group general manager, group public affairs division, Baru stated that efforts are ongoing to explore the possibilities of piping crude oil from Niger Republic to be refined in KRPC adding that the 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 utilization.

Due to difficulties with the aged refinery and crude oil pipelines that had been breached severally, the operations of the refinery has not been stabled. we are determined to resolve through various intervention methods including evaluation of alternative crude oil supply from Niger Republic through building of a pipelines of over 1, 000 kilometers from Agadem to Kaduna. He maintained that the Corporation has already started engagements with the Nigerien Minister of Petroleum and the Chinese that are operating the field at Agadem.

The NNPC helmsman promised to drive the energy supply project to power industries in Kaduna by ensuring the completion of the Ajaokuta-Abuja-Kaduna-Kano gas pipeline, the Managing Director of KRPC, Idi Mukhtar, said the Fluid Cracking Catalytic Unit of the plant was restreamed in June, the Kerosene Hydro treating Unit rehabilitation is ongoing with the equipment overhaul and integrity checks. When operational the margin of value addition on kerosene and Aviation Turbine Kerosene will provide millions of naira in revenue, even at a throughput of 60%, it would be recalled that the refinery was designed to process both imported paraffinic and Nigerian crude oils into fuels and lubes products and was constructed by Chiyoda Chemical Engineering and Construction Company (now Chiyoda Corporation) of Japan. In December 1986, the design capacity of the fuels plants of the Refinery was successfully debottolnecked from 50,000 BPSD to 60,000 BPSD, bringing the total refinery installed capacity to 110,000 BPSD.

 

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Port Harcourt Refinery To Begin Production

Port Harcourt Refinery To Begin Production

The Port Harcourt Refining Company is ready to start the production of Aviation Turbine Kerosene, popularly known as aviation fuel, the Nigerian National Petroleum Corporation (NNPC) has said. According to the corporation, the Managing Director, PHRC, Dr. Bafred Enjugu, said this in a presentation made to the Group Managing Director of NNPC, Dr. Maikanti Baru, during an official tour of the 210,000 barrels per day facility. Enjugu said the refinery had met all the international parameters for the production of aviation fuel, he was stated in a statement from the NNPC on Friday to have said that the good news from our stand point is that we have scored 24 out of the 24 parameters for the production of aviation fuel and I must say that this is made possible because of the never-give-up attitude of workers of the great PHRC.

He said the refinery had successfully blended ATK and was only waiting for appropriate conditions to commence full scale production of the product in response to demand of the aviation sector. Baru, according to the statement, described PHRC as the nation’s flagship refining company, noting that the corporation would do everything possible to ensure that the refinery was not just in operation but also operating profitably and contributing effectively to meeting local demand for petroleum products. He  also said that , we cannot under-estimate the importance of refining because that is our identity and we shall do whatever it takes to ensure that your two plants are running at all times and work to tackle whatever could militate against your achieving set targets and objectives. In a similar growth, the GMD also promised to complete all ongoing gas infrastructure projects as part of measures to boost the nation’s economy. Baru made this commitment during a one-day working visit to three of the NNPC’s Strategic Business Units, the Nigerian Gas Processing Transportation Company, Nigerian Gas Marketing Company, and the Warri Refining and Petrochemical Company in Warri, Delta State. He said the NGPTC and NGMC were particularly important in the aggressive drive to provide gas for power generation and industries to propel the nation’s economic development.

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FG Scraps Joint Venture Cash Calls With Oil Coys

FG Scraps Joint Venture Cash Calls With Oil Coys

The FG has finally announced the cancellation of joint cash with oil companies operating in Nigeria. The announcement came on a day the govt. said it had also uncovered heinous acts of frauds in the revenue generating agencies. Main reason for the cash call withdrawal was principally hinged on the paucity of funds arising from the drastic fall of crude oil prices in the international market, which had made it almost impossible for Nigeria to meet its cash call obligations. Cash calls is the counterpart funding which the FG represented by the Nigerian National Petroleum Corporation pays annually as its 60% equity shareholding in various oil and gas fields operated by international oil companies and indigenous oil firms.

The growth however is expected to bring about $15BN worth of investments. Briefing state house correspondents at the end of Nation Economic Council meeting at the presidential villa Abuja, the minister of state for petroleum resources Dr. Ibe Kachikwu alongside Governor Willie Obiano of anambra state and his counterpart from bauchi state, alhaji Mohammed abubakar said that Nigeria owed call areas of $6.8 BN over 5 years. President Buhari said that full implementation of the growth would start in 2017. Today, I made a presentation to NEC seeking endorsement for previous years proposal which was approved by FEC trying to change the financing configuration of JV for upstream companies. As you are know, current cash call arrears  in the oil sector over the last 5 years up until December 2015 is about %6.8 BN unpaid in the 2016 period.

We also accumulated unpaid cash call arrears of over $2.5 BN. People sometimes get to ask how did this happen? Obviously in the year we earned a lot of money from oil, $110-120 per barrel, there really wasn’t any justification why these monies shouldn’t have been paid in terms of the 5 years arrears. Thus, one can understand why we have what we have: the effect of militancy, the drop in oil prices $110 to 40 has meant revenue coming to government has been unable to sustain our ability to meet our cash call obligations and what does that do when that happens. You find that your reserve begins to drain, your ability to maintain production at current level will begin to despair and cost of per barrel of production at JV continues to rise because of the very little volumes chasing the cost and at the end of the day, the investor’s confidence begins to wane. So, a lot of the projects that ought to have happened in this country were basically abandoned. Sometimes this year, we took on an initiative working with the folks in NNPC and the ministry to try and find a sustainable solution for financing JV cash calls. We have been able to find that solution.

Read more at: http://www.vanguardngr.com.

 

 

 

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