NNPC CONSIDERS CRUDE IMPORTATION FROM CHAD, NIGER REPUBLIC FOR KADUNA REFINERY

As part of the efforts to address frequent disruptions to the supply of crude oil to the Kaduna Refinery and Petrochemical Company (KRPC) as a result of the Niger Delta militancy, the Nigerian National Petroleum Corporation (NNPC) is considering importing crude oil from Chad and Niger Republic, investigations by THISDAY have revealed.

 

This is coming as the President of the Organisation of Petroleum Exporting Countries (OPEC) and Qatar’s Energy Minister, Mohammed Al Sada, has stated that oil prices would rebound during the third and fourth quarters of 2016.

 

read more @ Thisdaylive

PH, WARRI REFINERIES NOW PRODUCING PETROL – KACHIKWU

The Minister of State for Petroleum Resources and Group Managing Director, Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu, has announced that the Port Harcourt Refining Company and the Warri Refining and Petrochemical Company are now producing a combined volume of seven million litres of petrol daily.

 

According to him, the PHRC now produces five million litres of Premium Motor Spirit, popularly known as petrol, while the WRPC produces two million litres of the product daily.

 

Read more @ Punch Online

WHY FG SHOULD SCRAP KADUNA REFINERY

As hopes rise that Nigeria’s refineries may come on stream by December, details are emerging that the Kaduna Refining and Petrochemical Company (KRPC) may not be among them, and may even need to be ‘scrapped.’\

 

Chief among the reasons, The Guardian learnt, is because the refinery would not meet expected parameters of operation should it depend on feedstock from the Nigerian National Petroleum Corporation (NNPC).

Read more @ The Guardian

NNPC SHUTS WARRI REFINERY OVER VANDALISM

Barely a month after it resumed production, the Warri Refining and Petrochemical Company Limited has been shut down again, a situation that may constitute a setback to the new administration’s current efforts at shoring up local supply of petroleum products.

 

The Nigerian National Petroleum Corporation said on Sunday that it took the action because the pipelines supplying crude oil to the Warri refinery had been compromised by vandals.

 

Read more @ Punch Online

AGIP, ARCO GAS CONTRACT CRISIS DEEPENS OVER $77M PRICE VARIATION

The last may not have been heard about the controversies surrounding the multi-billion dollar contract for the maintenance of Nigerian Agip Oil Company, NAOC’s OBOB/Kwale/Ebocha gas plant.

Indeed, Agip and the indigenous oil service company, Arco Petrochemical Engineering Company Plc, among others, have continued to lock horns on the need to follow due process in the approval of the contract, while the cost of the project remains a bone of contention.

Read more @ The Guardian

GAS CONTRACT: PRESIDENCY WADES INTO AGIP, ARCO DISPUTE

The Presidency may have waded into the impasse between the Nigerian unit of Italian oil giant, Nigerian Agip Oil Company, NAOC, and indigenous oil service company, Arco Petrochemical Engineering Company Plc, with a view to resolving the crisis, which is now before a Port Harcourt Federal High Court.

Although there are no official confirmations from both parties, but Vanguard reliably gathered that the Presidency’s intervention is at the instance of Agip

Read more @ Vanguard Online

DESPITE COURT ORDER, GE DIRECTS ARCO TO VACATE AGIP’S CONTRACT SITE

Despite the subsisting order of a Federal High Court that all parties should maintain the status quo, General Electric (GE) International Operations Nigeria Limited has directed Arco Petrochemical Engineering Company Limited to demobilise from the multi-million dollar maintenance service contract for gas turbines and related equipment for OB/OB, Ebocha and Kwale Gas plants in Delta State.

Read morte @ SweetCrude Report

BAYELSA’S PETROCHEMICAL FIRM TO EMPLOY 30,000

The Bayelsa Development and Investment Corporation has said the $3.5 billion Brass Fertilizer and Petrochemical project to be sited at Odioma in Brass Local Government Area is expected to generate a turnover of $1.5 billion and employ about 30, 000 workers, especially indigenes.
 
The firm has therefore predicted a prosperous future for the people of the state as the corporation intensifies action on restructuring the state economy and expanding economic opportunities.

Read more @ SweetCrude Report

NPA PARTNERS NNPC ON GAS INDUSTRIAL PARK PROJECT

IN line with the Federal Government’s agenda to institute a gas revolution industrial park at Ogidigben, Delta State, Nigeria National Petroleum Corporation (NNPC) has commenced negotiation with the Nigerian Ports Authority (NPA) on modalities to adopt for a successful land reclamation exercise.

The park, which is proposed to be Africa’s largest gas city, is scheduled to comprise fertilizer, methanol, petrochemical and power plants, with other support offices and residential facilities.

Read more @ Guardian

LACK OF SUPPORT BY LABOUR STALLS REFINERIES' SALE

The Federal Government may have slowed down the process of selling the nation’s refineries following its failure to secure the support of labour unions.

 

The government had in 2013 announced plans to sell the nation’s four refineries. The refineries are the Port Harcourt Refining Company Limited I and II; Kaduna Refining and Petrochemical Company Limited; and Warri Refining and Petrochemical Company Limited.

 

Read more @ Punch Online

NIGERIAN ENGINEERS TO REPAIR REFINERIES FOR N99BN –NNPC

The Nigerian National Petroleum Corporation on Wednesday said it had engaged the services of in-house engineers to rehabilitate the country’s three ailing refineries at a cost of $550m (N99bn), down from the $1.6bn (N288bn) presented to it by foreign contractors.

 

The refineries are the Port Harcourt Refining Company, Kaduna Refining and Petrochemical Company Limited and the Warri Refining and Petrochemical Company Limited.

 

Read more @ Punch Online

NIGERIA’s REFINERIES’ CAPACITY TO HIT 1MPD BY 2017

A former General Manager of the Warri Refinery and Petrochemical Company, Mr. Babajide Soyode, has stated that by 2017, Nigerian refineries would have the capacity to process one million barrels of crude oil per day, against the current capacity of 445,000 barrels per day.

Speaking at the 80th Birthday Anniversary dinner, organised in Lagos for the first Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Festus Marinho, the former Warri Refinery boss stated that several plans by government for small refineries would come on stream by 2017.

 

Read more @ Thisdaylive

NIGERIA'S INDUSTRIAL REVOLUTION PINNED ON OIL TO GAS POLICY SHIFT

Nigeria is known mainly as an oil producer but shifting the emphasis to natural gas is necessary if the country is ever to realise its ambitions for industrialisation.

The plans by Africa’s richest man, Aliko Dangote,  to build a 500,000 barrels per day oil refinery, petrochemical plant and fertilizer complex, hinges on one key component ; the availability of cheap natural gas in Nigeria.

Read more @ Businessday

NIGERIA’S REFINERIES PROCESSED 497,000MT IN FEB –NNPC

The four refineries in Nigeria processed 497,000 metric tonnes of crude oil last February the Nigerian National Petroleum Corporation (NNPC) said in a report at the weekend.

The refineries are the Kaduna Refinery and Petrochemical Company (KRPC); Port Harcourt Refining Company (PHRC); and Warri Refining and Petrochemical Company (WRPC). The report, which centred on February, 2014, was obtained by New Telegraph. It revealed that the combined average capacity of the refineries in the month under review was 35.55 per cent.

“443,000 metric tonnes of dry crude oil, condensate and slop was received by the refineries in the month. With an opening stock of 460,000 metric tonnes, total crude oil available for processing was 903,000 metric tonnes, out of which 497,000 metric tonnes was processed,” the corporation said in the report.

Read more @ New Telegraph