The Nigerian National Petroleum Corporation (NNPC) says the country’s refineries are not too old for effective refining operations. Mr Kragha Anibor, NNPC Chief Operating Officer, Refineries disclosed this at a panel session at the ongoing Nigerian International Petroleum summit (NIPS), on Wednesday, in Abuja.
The panel discussed the topic “Refining, Transportation and petrochemical”. He said that the major problem of the corporation to bring the refineries to work was funding adding that government had continued to ensure the best way to manage the refineries. He said that government would not sell off the refineries without putting them in a shape that financiers would be able to come in to fund the revamping for them to operate optimally.
He said that the Port Harcourt refinery had its last Turn Around Maintenance (TAM) in 2000, Warri in 2004 and Kaduna in 2008. He said that government would continue to ensure adequate and best agreement with investors for the refineries to ensure the best for the industry.