The Nigerian National Petroleum Corporation (NNPC) hopes that its domestic refineries can cover 20 per cent of domestice product needs, the head of refining has told Reuters.
Group Executive Director of Refining and Petrochemicals Ian Udoh said he expected to receive six cargoes a month of Nigerian Bonny Light and Escravos crude oil to run 180,000 barrels per day (bpd) or 40 per cent, of Nigeria’s total refining capacity. He said he expected to produce 8 million litres a day of petrol, accounting for about 20 per cent of the estimated consumption.
The 125,000 bpd Warri refinery resumed last week after maintenance and it is expected to run at 60,000 bpd. The Port Harcourt complex will start ramping up over the next two weeks but only the newer of the two plants at the site is functional and at 90,000 bpd versus its 150,000 bpd capacity. The last refinery to restart will be the Kaduna Refinery as it will take about two more weeks to repair the pipeline bringing crude from the oil-rich delta in the Southsouth.
Nigeria has wholly depended on subsidised fuel imports and crude-for-product swap agreements and suffered acute fuel shortages since February.