Refineries

In Rivers, the state government made known its interest to inaugurate modular refineries when the Deputy Governor, Dr Ikpalibo Banigo, visited ND Refineries Ltd. an indigenous petroleum refining company.

We all know that the combined installed capacity of all NNPC-own refineries amounts to 445,000barrels per stream day but very few of us can say when, if ever, the refineries produced at optimal capacity of even as low as 30 percent cumulative performance.

While attributing the incident to the proliferation of illegal refineries in the region, stressed the need for the government to deal ruthlessly with those involved in illegal refineries in the region.

In his own comment Opeyemi Agbaje, urged the government to privatise the refineries saying that there would not be queues if refineries are privatised.

We are paying a lot more for fuel yet we did not repair the refineries we promised to repair and we are waiting for Aliko Dangote and Biodun Ladepo to give us refineries?

According to Etulan, as much as the country’s refineries are dysfunctional, the supply side will be affected as the country would rely mostly on imports.

According to him, the new President, Sen. Bola Tinubu, would have waited for the Dangote Petroleum Chemical Refineries (DPCR) to start operation before the decision to remove subsidy.

According to the Major Oil Marketers Association of Nigeria (MOMAN), the petrol price can't come down to as low as N200 per litre even if the refineries are working.

A European ban on imports of diesel fuel and other products made from crude oil in Russian refineries takes effect Feb. 5. The goal is to stop feeding Russia's war chest, but it's not so simple.

And we think that's still compelling and driving profitability for refineries.

A tainted story cannot undermine the fact that Sahara Energy is in over 27 countries, with 16 in Africa, and has an integrated value chain where they have crude assets, refineries and storage and distribution expertise.

At full operation, the pipeline normally pumps about 622,000 barrels, or more than 26 million gallons of oil per day from Alberta, Canada, to refineries in Texas, Illinois and Oklahoma, according to the company.

Besides a potential bump during the Fourth of July holiday, Redman says he doesn't expect any major jumps, barring a major storm or hurricane shutting down refineries, of course.

Currently, the refineries near the airport produce jet fuel from crude oil and pipe it to the airport.

For example by putting pressure on the government to revamp the three national refineries (in Kaduna, Warri and Port-Harcourt) which can play a significant role in easing the pressure on our forex reserve thus strengthening our currency.

Hence, the sense in it is to sell crude in local currency to modular refineries and ensure the product goes into the market.

He said: “Key issues are crude supply obligation for completed refineries.

He said that many refineries, including Indian Oil’s Paradip unit are capable of using the heavy Venezuelan oil.

He stressed that backing these refineries would lead to more affordable fuel for Nigerians by eradicating several associated costs.

However, the CGT union called for a walkout at all refineries on Thursday as part of the nationwide strike.