The Kaduna Refining and Petrochemical Company, one of the country’s crude oil refineries being managed by the Nigerian National Petroleum Corporation, has remained dormant. According to the corporation, the refinery’s capacity utilisation has remained at zero for months, as the KRPC is not refining crude oil despite receiving the commodity.
In its latest monthly oil and gas report for June 2018, which was obtained in Abuja on Wednesday, an analysis of the performances of the refineries showed that the KRPC received 78,833 metric tonnes of crude in the months of May and June this year. It, however, processed no drop of crude oil in the two months, as its capacity utilisation was given as zero per cent.
The Warri Refining and Petrochemical Company processed 246,039MT and 138,310MT of crude in May and June, respectively, thus, the plant’s capacity utilisation dropped from 46.55 per cent to 27.04 per cent in the period. For the Port Harcourt Refining Company, it was observed that the plant processed 132,595MT and 237,875MT of crude oil in May and June, respectively. This showed that unlike the other two refineries, the PHRC’s capacity utilisation moved up from 14.93 per cent to 27.68 per cent in the period.
Source: The Punch