NNPC generates N383.969m revenue from WRPC, PHRC over 9 months

The Nigeria National Petroleum Corporation, NNPC, has generated a revenue of about N383.969 million from the Warri Refining and Petrochemical Company Limited, WRPC and Port-Harcourt Refining Company Limited, PHRC between January and September, 2018.

In its recent financial report, the Corporation attributed the development to the ongoing revamping of the refineries, expected to further enhance the capacity utilisation of the plants.

It would be recalled that the Minister of State, Petroleum Resources, Ibe Kachikwu, had expressed moves by the Federal Government to fix Nigeria’s moribund refineries and make them work at full capacity in 2020.

Source: Vanguard



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