• 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 Business News

FG sets target for revamping of ailing refineries

Damilare Famuyiwa by Damilare Famuyiwa
August 23, 2019
in Business News
Mele Kyari, NNPC, NNPC spends estimated N33.60/litre on petrol subsidy, NNPC vows to be transparent, set to publish details of petroleum product supplies , OML 119: NNPC record 14 bids for development of oil well, This NNPC initiative aims to solve the problem of tanker explosions , Fluctuations of oil price threatening Nigerian content development — NNPC , Lagos pipeline leak contains water, not petrol- NNPC, NNPC gives condition for relocation of tank farms and depots from residential areas , NNPC to cultivate 2,675 hectares of cassava for Ethanol production, Key performance highlights of NNPC for 2019 FY

Mele Kyari of NNPC.

Share on FacebookShare on TwitterShare on Linkedin

The Federal Government has set for itself a 3-year target period to revamp the ailing refineries across the country.  

Starting with the refinery in Port Harcourt, the President Muhammadu Buhari-led administration disclosed that it has begun the overhauling of refinery facilities, adding that it has till 2023 to ensure that local refineries operate optimally. 

While expressing its commitment to review the operations of the refineries, support condensate plants, and open the midstream sector, the Nigerian National Petroleum Corporation (NNPC) announced that it had secured the service of Italy’s Maire Tecnimont to handle the overhaul of the 210,000 b/d Port Harcourt refinery complex, with oil major, Eni appointed as a technical adviser. 

RelatedStories

FG, Borno sign MoU for takeover and transformation of National Orthopaedic Hospital, Azare 

FG, Borno sign MoU for takeover and transformation of National Orthopaedic Hospital, Azare 

May 16, 2025
Ojulari unveils NNPC’s $60bn investment drive, eyes 3mbpd crude production by 2030 

Ojulari unveils NNPC’s $60bn investment drive, eyes 3mbpd crude production by 2030 

April 18, 2025

READ MORE: NPA threatens to bar Egina FPSO from Nigeria Waterways.

Group Managing Director (GMD), Mele Kyari, who was represented by the Chief Financial Officer (CFO) of the Corporation, Umar Ajiya at the yearly conference of the Association of Energy Correspondents of Nigeria (NAEC), was quoted to have said the refineries had not been rehabilitated for a long time, and the revamping programme would aid local production. 

Important call: The NNPC boss, however, called on investors in the private sector to effect the revamping programme. 

Kyari said, “Thus, we require more investment to revamp and expand our domestic refineries and associated infrastructure to support the growth of the downstream sector and guaranty energy security to the nation. In this respect, NNPC under my purview would leave no stone unturned to ensure our 445,000-barrel refineries in Port Harcourt, Warri, and Kaduna work to an appreciable level or capacity.” 

READ ALSO: There is corruption in NNPC -New boss admits

What you should know: Going by a data released by the NNPC in May, the four nation’s refineries operated at just 5.55% of their combined installed capacity of around 445,000 barrels per day (b/d). This makes it evident that the country still relies heavily on imports for its fuel needs. 

Meanwhile, Nigeria’s refineries, which include the northern Kaduna refinery and two plants located in Port Harcourt, and the Warri refinery, have not operated beyond a quarter of their installed capacity for some time, mainly due to attacks on pipelines carrying crude to the plants as well as technical problems after years of neglect. 


Follow us for Breaking News and Market Intelligence.
Tags: FGNNPCrefinery
Damilare Famuyiwa

Damilare Famuyiwa

Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ). Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

Related Posts

FG, Borno sign MoU for takeover and transformation of National Orthopaedic Hospital, Azare 
Corporate deals

FG, Borno sign MoU for takeover and transformation of National Orthopaedic Hospital, Azare 

May 16, 2025
Ojulari unveils NNPC’s $60bn investment drive, eyes 3mbpd crude production by 2030 
Energy

Ojulari unveils NNPC’s $60bn investment drive, eyes 3mbpd crude production by 2030 

April 18, 2025
NNPC’s New Board and CBN’s Reserve Truth | Drinks and Mics
Digital Media

NNPC’s New Board and CBN’s Reserve Truth | Drinks and Mics

April 5, 2025
Meet Bayo Ojulari: Former Managing Director Shell appointed CEO of NNPC
Energy

Meet Bayo Ojulari: Former Managing Director Shell appointed CEO of NNPC

April 2, 2025
Petrol price, NNPCL, PMS
Breaking News

Petrol price rises to N970 per litre at filling stations

March 30, 2025
Why fuel subsidy removal cannot wait any longer - energy expert
Business News

Marketers dismiss fuel scarcity fears, urge Nigerians to avoid panic buying 

March 26, 2025
Next Post
Shoprite, Growth outlook

Beware of these five set of people who influence your spending habits

Leave a Reply Cancel reply

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

Emple
nlng
first bank








DUNS

Recent News

  • NIMC gives condition to waive N28,574 Date of Birth correction fee 
  • New Zealand to ease work limits for foreign students in bid to double education revenue 
  • Heirs Insurance Group achieves 70% revenue spike in FY2024; hits N61 billion GWP 

Follow us on social media:

Recent News

NIMC, world Bank

NIMC gives condition to waive N28,574 Date of Birth correction fee 

July 14, 2025
New Zealand

New Zealand to ease work limits for foreign students in bid to double education revenue 

July 14, 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