Overseas refineries in Nigeria have produced an estimated N2.39tn crude oil from March 2020 to March 2021 to ensure domestic supply of refined petroleum products.
The Nigerian National Petroleum Corporation (NPC) said that the use of crude oil for domestic production had deteriorated in the past 13 months.
In April 2021, the corporation said that between March 2020 and March 2021, the amount of crude oil produced was 14,86 million barrels.
He explained that the oil was sold in accordance with the direct-purchase program and that no crude was provided for any refineries under the management of the ANPP.
The NPC operates the country’s refineries in Warri, Port Harcourt and Kaduna. Renovations have begun in Port Harcourt, but the federal government has approved renovations for the Warri and Kaduna refineries.
In addition to the analysis of the report, from March 2020 to March 2021, no drop of oil was delivered to any of the local refineries.
He said the corporation is processing crude oil every month to meet the demand for petroleum products across the country.
In March 2021, for example, the oil company “NNPC imported 7,553,150 barrels of crude oil per day and averaged 243,650 barrels of crude oil.
In March 2021, 7,553,150 barrels were met in accordance with the direct-sales procurement program (no supply for domestic filters) to meet domestic production requirements.
Explaining the DSDP, the company said it should include competent and credible companies in direct sales of oil and direct purchases of petroleum products in accordance with the 2007 government procurement law and NPC policies and procedures. The country.
In recent years, the corporation has accepted the plan to ensure that it is the sole importer of crude oil into Nigeria, and other markets have stopped importing PMS due to lack of access to the US dollar.
He said the NPC has recently been working to implement Nigerian refineries and start refining products from its facilities locally.
Group General Manager, Group Public Affairs Division, NCP Kenny Obateru told Porter that Port Harcourt’s refinery will be part of a $ 1.5 billion refinery that will start delivering net products by September next year.
N.P.P.A.P.A.P. The $ 1.5 billion rehabilitation program has been officially signed with the Technical SPA, and parties to the agreement have announced the launch of the project.
“The work is in progress,” he said. It is expected to be completed in 18 to 44 months from April this year. In 18 months, some parts of the filter will be produced. The overall rehabilitation work will be completed within 44 months.
The fact is that in the 18 to 44 months, the fact is that the filter is not at the end of 44 months before it starts working, but in 18 months some parts of the filter will start producing.
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