LOCAL REFINERIES OUTPUT DROPS TO 16%

Output from the country’s refineries dropped to 294,000 metric tonnes in August as they operated at an average of 16 per cent of their combined nameplate capacity of 445,000 barrels per day, the latest report from the Nigerian National Petroleum Corporation has shown.

In July, when the refineries operated at 22 per cent of their installed capacity, the output was 334,000MT.

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