The Minister of State for Petroleum Resources and Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu, announced at the weekend that newly re-opened Port Harcourt and the Warri Refineries are now producing a combined volume of seven million litres of petrol daily.
The Minister disclosed this an NNPC statement in Abuja while re-commissioning the Bonny-Port Harcourt Refinery crude pipeline that had been rehabilitated after being out of use for a number of years due to incessant pipeline vandalism.
Kachikwu says Port Harcourt Refining Company now produces five million litres of Premium Motor Spirit while the Warri Refining and Petrochemical Company also produces two million liters of petrol per day.
He says the Kaduna Refining and Petrochemical Company is scheduled to start production any moment from now adding that the coming on stream of the three refineries will go a long way to ensure sufficient supply and distribution of petrol across the country.
He announced at the weekend that;
“Port Harcourt is back in production, Warri is back in production, Kaduna as at today is receiving crude and will soon be back in production. Lagos is easing off now from fuel scarcity and Abuja is doing the same thing and once Kaduna begins production, the North will see a lot of improvement.”
He said a commercial governance model system had been introduced into the management of the refineries to enable them to compete favourably in the hydrocarbon value chain. He added that investors will also help to provide technical support and that they would be paid through the flow out of refined products over a period of time, which is why the refining model has been changed such that the refineries pay for their crude, so it goes into the Federation Account.
The Minister however stressed that the misgivings going round that the government is trying to hand over refineries is not true saying that the President was very clear from day one, that at this point in time he was not ready for that, so that is not the model we are pursuing now.
Meanwhile, President Muhammadu Buhari has dispatched the nation’s service chiefs to the Niger Delta region to deal with the resurgent militancy and secure the area from economic sabotage and other acts of criminality. This is in line with the President’s threat, to deal with those blowing up oil installations in the Niger Delta like Boko Haram terrorists are being dealt with.