KACHIKWU: NIGERIA TO BECOME EXPORTER OF REFINED FUEL

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said that Nigeria will begin to export refined petrol and other petrochemical products within the next four years if plans to ramp up the country’s domestic refining capacity work out well.

 

Kachikwu stated this recently in Abuja when he briefed journalists on his plans for the country’s petroleum sector.

 

Read more @ Thisdaylive

DANGOTE REFINERY’LL FETCH $6BN FOREX YEARLY —CBN

The Central Bank of Nigeria has expressed its readiness to support the refinery, fertiliser and petrochemical complex being built by Dangote Industries Limited in Lagos by providing foreign exchange for the importation of equipment.

The central bank said the project, when completed, would fetch the country about $6bn in foreign exchange yearly through the export of products from the plants.

 

Read more @ Punch Online

KACHIKWU GIVES WARRI REFINERY 90-DAY DEADLINE TO COME ON STREAM

The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu, has given a 90-day ultimatum to the management of the Warri Refining and Petrochemicals Company (WRPC) to commence full production at the facility.

WRPC has the capacity to process 125,000 barrels of crude oil per day. Kachikwu however said at the end of his inspection of the refinery and the adjoining Pipelines and Products Marketing Company (PPMC) jetty and depot in Warri, Delta State, that he wants its management to ensure that the plant is streamed back to full active service within the deadline.

 

Read more @ Thisdaylive

NNPC TO INTRODUCE NEW PIPELINE TRACKING SYSTEM

The Group Managing Director of Nigeria National Petroleum Corporation (NNPC) Dr. Emmanuel Kachikwu, yesterday in Warri assured “tireless efforts” are being made to ensure that all the refineries is working efficiently as there is so much expectation from Nigerians.

He equally disclosed that the NNPC was planning to introduce a new pipeline tracking system and command posts to monitor the feed pipeline that supplies Warri Refining and Petrochemical Company (WRPC) crude oil, when fixed.

Read more The Guardian

OGONI YOUTHS BLOCK EAST-WEST ROAD OVER UNEP REPORT

Hundreds of Ogoni youths on Monday barricaded the Akpajo-Eleme axis of the East-West Road that leads to the Port Harcourt Refinery, Indorama Petrochemicals and the Onne Free Trade Zone.

The youths, who are members of the Ogoni Central Indigenous Authority, expressed dissatisfaction that the current administration led by President Muhammadu Buhari was not carrying them along in the proposed implementation of the United Nations Environment Programme Report in Ogoni land

 

Read more @ Punch Online

NATION’S REFINERIES TO OPERATE AT OPTIMAL CAPACITY BY 2016 —NNPC

The Nigerian National Petroleum Corporation (NNPC), on Wednesday, said the nation’s refineries would begin to operate optimally up to 90 per cent capacity by 2016. The Group Executive Director (GED), Refining and Petrochemicals, Mr Ian Udoh, stated this in an interview with the News Agency of Nigeria (NAN) in Abuja.

Udoh said the corporation commenced rehabilitation of refineries in the country in October 2014 and was expected to last for 18 months. He listed refineries to include the Port Harcourt Refining Company, Kaduna Refining and Petrochemical Company Ltd., and the Warri Refining and Petrochemical Company Ltd

Read more @ Nigerian Tribune