• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Company News

[WOEFUL] Nigerian Refineries Record Zero Output In Q1

Editor by Editor
July 14, 2015
in Company News, Politics
Fuel subsidy is only about N8,000 per Nigerian…why remove it?
Share on FacebookShare on TwitterShare on Linkedin

RelatedStories

CBN issues directive to curb mass sacking by banks

How companies determine who to fire in an economic crunch

November 29, 2022
Dangote Cement

Dangote Cement commences buy back of 85 million issued shares of the company

December 21, 2020
  • Nigeria’s four refineries, which are expected to resume production at “appreciable “ capacity levels this month, actually recorded zero output in the first quarter of this year.
  • Sliding production trend of the refineries began last year, with total output of 2.7 million metric tonnes, a 50 per cent drop from the production figure of preceding year.
  • The country has four refineries, two in Port Harcourt (PHRC 1 and PHRC 2), and one each in Kaduna (KRPC) and Warri (WRPC). The refineries have a combined installed capacity of 445,000 barrels per day (bpd), but hardly produce 10 per cent of its installed capacity.
  • The sliding production profile of the refineries have accentuated importation volume of petroleum products over the years, with substantial amount of subsidies being paid to importing marketing companies.
  • Specifically, zero barrels of slop were received by the three refineries – KRPC, PHRC and WRPC respectively. “With an opening stock of 1,164.61 thousand barrels, total crude oil available for processing was 1,164.61 thousand barrels out of which zero barrels was processed. The respective average capacity utilization during the month was 0.00 per cent for KRPC, PHRC 1 and PHRC 2 and WRPC respectively.
  • The combined average refining capacity utilization for year 2014 was 14.4 per cent as against 22 per cent in the previous year.
  • According to the yearly report of the Nigerian National Petroleum Corporation (NNPC) released recently, the local refineries received a total of 36,193,237 barrels (4,917,613 mt) of (dry) crude oil, condensate and slops and processed 35,233,126 barrels (4,761,496 mt) into various petroleum products in 2013.
  • The total production output by the refineries was 5,067,501 metric tons of various petroleum products. The combined average refining capacity utilization for year 2013 was 22 per cent as against 21 per cent in the previous year in 2012.
  • The report put the total crude oil and condensate production for the year at 798,541,589 barrels giving a daily average of 2.19 mmbpd.
  • This, it noted, is slightly lower than the previous year’s by 0.24 per cent.
  • Source: The Guardian
Tags: News ReviewNNPC Nigeria News
Editor

Editor

Related Posts

CBN issues directive to curb mass sacking by banks
Small Business

How companies determine who to fire in an economic crunch

November 29, 2022
Dangote Cement
Spotlight

Dangote Cement commences buy back of 85 million issued shares of the company

December 21, 2020
President Buhari to address Nigerians on Lekki toll plaza shootings after investigation , Youth Investment Fund:  Ministry of Finance and CBN to launch provision of funds- Minister, Federal Ministry of Youth and Sports launch DEEL initiative
Spotlight

FG launches application for N75 billion Youth Investment Fund at 5% interest, how to apply

October 16, 2020
Nigeria plans to support oil price with lower production cost per barrel, NNPC records 34% increase in trading surplus, NNPC begs security agencies to allow petrol tankers commute during lockdown, FG abolishes petrol subsidy regime as full deregulation sets in
Business News

FG abolishes fuel subsidy regime as full deregulation sets in

April 7, 2020
Coronavirus, Ex-PPMC Boss dies of COVID-19
Obituaries

Ex-PPMC Boss dies of COVID-19

March 23, 2020
shopping mall prices
Blurb

Why A Drop In Inflation Does Not Necessarily Mean A Drop In Prices Of Commodities

July 17, 2019
Next Post
Nigeria’s New President Pits Hope Against Harsh Realities

PMB Promises Oil Sector Reforms To Boost Accountability

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Toyin Abraham’s Iyalode nears N300 million at Nigeria box office 
  • GTCO CEO Segun Agbaje: Banks had ample notice on forbearance loans – CBN’s action no surprise
  • Hollywood’s “Jurassic World: Rebirth” debuts N52.5 million in Nigerian cinemas

Follow us on social media:

Recent News

Toyin Abraham’s Iyalode nears N300 million at Nigeria box office 

Toyin Abraham’s Iyalode nears N300 million at Nigeria box office 

July 12, 2025
Top 5 highest paid bank CEOs of 2022 

GTCO CEO Segun Agbaje: Banks had ample notice on forbearance loans – CBN’s action no surprise

July 12, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics