Fidelity bank banner Bayelsa State banner
Port Harcourt, Warri Refineries resume production

By News Express on 30/07/2015

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 2,533


The Nigerian National Petroleum Corporation (NNPC) says Port Harcourt and Warri refineries have commenced preliminary production of petroleum products after successful test-runs.

This is contained in a statement by the Group General Manager, Group Public Affairs Division of NNPC, Mr. Ohi Alegbe, in Abuja on Wednesday.

The statement explained that this followed successful re-streaming after a nine-month phased rehabilitation by in-house engineers and technicians.

It stated that PHRC was ramping up its operation to about 60 per cent of its 210,000 barrels per day name plate capacity.

According to the statement, WRPC production is projected to hit 80 per cent of its installed 125,000 bpd capacity.

It stated that the PHRC was projected to boost the nation’s local refining capacity with a product yield of five million litres of petrol per day.

It added that Warri Refinery would contribute 3.5 million litres of petrol to local refining capacity.

The statement explained that NNPC adopted the phased rehabilitation after the Original Refinery Builders (ORB), who were initially contacted for the project, came up with unfavorable terms.

It explained that a decision was taken in 2011 to rehabilitate all the refineries using the ORB of each of the refineries.

“We were impelled to switch strategy after the ORBs declined participation and nominated some partners in their stead who came up with outrageously unfavorable terms,” the statement said.

It stressed that the nominated partners, as sole-bidders, came up with humongous price offers after two years of thorough and exhaustive scope of work definition and price negotiations.

It explained that the proxies were also unwilling to provide post rehabilitation performance guarantees.

“The phased rehabilitation strategy,” according to the statement, “entailed phased and simultaneous rehabilitation of all refineries using in-house and locally available resources in line with the spirit and letter of the Nigerian Content Law. It also involved the use of Original Equipment Manufacturer representatives to effect major equipment overhaul and rehabilitation.”

It explained further that the phased rehabilitation, which started in October 2014 after the required funding stream was established, created a 70 per cent reduction in costs.

It said this had helped largely in mitigating the financing challenge of refinery rehabilitation.

It stated that with the successful re-streaming of the PHRC and WRPC, attention had moved to the 110,000 barrels per day Kaduna Refining and Petrochemicals Company (KRPC).

According to the statement, the KRPC is billed to come on stream soon. (NAN)

•Photo shows Port Harcourt Refinery.

Source News Express

Posted 30/07/2015 09:06:32 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
‘Bank robber’ included in ANC candidates list

Boko Haram releases 27 hostages

Cloudy conditions to dominate today’s weather: NiMet

180 Boko Haram suspects (including toddlers and babies)...

18 prisoners breathe air of freedom

Kaduna beggars threaten to occupy Government House •Give...

2015: Umana (Akwa Ibom SSG) breaks silence, declares...

Rivers LG poll: PDP clears 23 council seats...

N13bn Ikoyi Cash: Open up on the ownership...

2 Nigerians, 8 others nominated for Innovation Prize...

Senate cancels plenary over PDP Congress, adjourns for...

NANS roots for LG autonomy

 

Latest News Bomb scare in Ebonyi •Umahi summons emergency security meeting World Cup: Nigerian, other Asylum seekers enter Finland illegally from Russia Pastor pleads guilty to criminal breach of trust, cheating, remanded in prison NERC suspends IBEDC board of directors over 6bn loan 192 drown as tourist ferry sinks Saraki addresses Russian Parliament; Seeks stronger security, economic cooperation Probe your 2015 campaign fund, PDP tells Buhari 75 per cent of sickle cell births in Nigeria don’t see their 5th birthday – Group PDP Campaign Fund: Absence of defendants stalls arraignment of Ex-Kebbi Governor APC National Convention: Muiz Banire’s camp loses out again in battle for Lagos delegates Kwara tertiary institutions begin indefinite strike Traders lose property worth N150 million to fire in Ekiti

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (352,184 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (351,478 views) Shameless Genevieve Nnaji exposes breasts in public (280,104 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (229,994 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (209,011 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (208,651 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (181,740 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (163,824 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (153,876 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (148,546 views) Lagos plane crash: Journalist releases victims’ names (143,781 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (135,625 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (50) Business & Economy (3,256) Business Verdict (44) Columnists (868) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (505) Features (607) Global Business Monitor (283) International (2,040) Interview (154) Live Commentary (28) Love Matters (123) News (36,345) Opinion (1,003) Pidgin (10) Politics (5,289) Religion (770) Sports (1,552) Stock Watch (30) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Portugal v Spain 2018

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement