Nigerian National Petroleum Corporation (NNPC) has promised that Nigeria’s four refineries will resume production next month.
Spokesman for the company, Ohi AlegbeOhi Alegbe revealed the development, Yahoo News reports.
“The refineries at Warri, Port Harcourt and Kaduna will resume next month after a successful turn-around-maintenance (overhaul) of their facilities.
The turn-around-maintenance has been on for some time. We did not just want to make any noise about it. The refineries will start production as soon as they have delivery of crude oil for refining.”
According to the report, NNPC has four refineries — two in Port Harcourt, one in Kaduna and another in Warri, with a combined installed capacity of 445,000 barrels per day.
Nigeria’s cabal must seriously die. We reported all along that in the privatization or as Dr Brimah famously calls it: cabalization process, the past PDP governments ensured to keep these national assets out of commission so as to enrich the cabal via subsidies on imported fuel and also in the hope of frustrating Nigeria into selling the refineries at a tenth their value to the cabal.
Further, with investments by the past PDP government in cabal like Dangote’s refinery, keeping federal refineries out of commission drives up the value of their shares and that of other cabal.