Home BUSINESS Warri Refinery stockpiling crude, to resume soon

Warri Refinery stockpiling crude, to resume soon

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File Photo: Refinery

Spokesman for the Nigerian National Petroleum Corporation, Ohi Alegbe said the refinery would only restart when it had enough crude to keep it going for at least 25 days.

It was reported last week that Warri refinery has undergone a temporary closure because there was insufficient crude in the system, adding it expected to resume by Tuesday.

NNPC spokesman stated:

“Once we have supplied sufficient crude … we can restart the production process,” he said.

He said crude was being supplied to the refinery in batches carried by marine vessels, because most of the pipelines supplying it had been compromised by vandalism.

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Oil sales account for around 70 percent of government revenue in Africa’s top crude producer, which imports most of the fuel used by its 170 million inhabitants because of the age and inefficiency of its refineries in Warri, Kaduna and Port Harcourt.

The Warri refinery having the capacity for 125,000 barrels per day (bpd) resumed operations two months ago but is expected to run at 60,000 bpd.

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