Warri Refinery Begins Operation

The Port Harcourt and Warri refineries have commenced oil production after engineers in-house conducted 9month rehabilitation on each facility says The Nigerian National Petroleum Corporation (NNPC).

The Federal government  has expressed readiness to scale down the importation of refined petroleum product following the plan of  bridging demand gap in native consumption with the commencement of production in Warri plant and the Kaduna facility owing to follow shortly.

The NNPC declared this in a statement free by its GM, Public Affairs Division, Mr Ohi Alegbe yesterday. The statement reads;

“What this means is that both plants have resumed production of petroleum products. For now, about 60% of its 210,000 barrels per day production capacity is being achieved, but it is projected that it will hit its installed 125,000 barrels per day capacity soon,”

The CBN governor, Mr. Godwin Emefiele said this during a briefing at the central bank’s headquarters after the July Monetary Policy Meeting in Abuja on Friday disclosed the federal government’s plan.

He noted that the revival of the 2 refineries followed series of meetings between the central bank, the management of the Nigerian National Petroleum Corporation (NNPC).