NNPC Says Our Refineries Will Operate At 90% Capacity After TAM

Mr Abubakar Muhammed, the General Manager, Services, of the Nigerian National Petroleum Corporation (NNPC) said the nation’s four refineries would operate at 90 per cent capacity on completion of the ongoing Turn Around Maintenance.
Muhammed gave the assurance at the ongoing four-day International Conference of the Society of Petroleum Engineers (SPE) and exhibitions on Tuesday in Lagos.
The 38th edition of the conference has the theme “Natural Gas Development and Exploitation in an Emerging Economy Strategies, Infrastructure and Policy Framework”.
The NNPC director said that out of the 90 per cent production capacity of the country’s output of crude production, about 40 would be channeled to the production of petrol.
He said that additional refineries would be expected on the long and short term to increase the country’s refining capacity and to boost domestic consumption.
Muhammed said that the Federal Government was committed to the gas development programmes and revival of its infrastructure.
He said that the nation needed renovation and Petroleum Industry Bill (PIB) that would define the country’s future oil and gas production and generation.
Source:Vanguard