shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » FG: Kaduna, Warri Refineries Commence Production by December

FG: Kaduna, Warri Refineries Commence Production by December

by Ade
November 23, 2009
in Uncategorized

•Hopes to cut importation by 40 percent

Government said last week that repair works on two of its refineries in Kaduna and Warri have been completed and that they would be put work by December, 2009.
Fielding questions form reporters in Abuja last week, the Minister of State for Petroleum, Mr. Odein Ajumogobia when fully operational, the two refineries will ensure that importation of refined petroleum products reduces by 40 per cent.
He however cautioned Nigerians not to jubiliate as the ability of the refineries to resume oil production still depends on the conclusion of repairs to damaged oil pipelines, which is expected to transport crude oil to the refineries.
“Kaduna and Warri have been rehabilitated and we are just trying to get crude to them. The pipelines are still bad and once the pipelines are repaired, and we are told that by the middle of December, the work would have been through, so crude will now go to Warri and Kaduna,” the minister said, “Once the refineries are working, we will reduce our importation by about 40 per cent”, he assured.
The minister however said that government was not in the position to dabble into building of new refineries saying that for any private investor t put his money in that kind of venture, he must be sure of return on the investments
 “The government can’t afford it and no private investor would want to invest when he is not sure of getting returns on his investment. That is why we are pushing for deregulation and as soon as we deregulate the market, you will see new refineries and in fact you will see increased capacity. “Just like the Liquefied Natural Gas (LNG), you will see people who will build small refineries, say for 5,000 barrels to serve their community and so on, and there will be others who will build 500,000, one million, five million refinery capacity. Why, because they will dedicate part of it to local consumption and they will export the rest to make their money”, he explained.
Commenting on the recent queues at filling stations in parts of the country, the minister blamed oil marketers. “These people think there would be imminent hike in price so they hoard the product. The Nigerian National Petroleum Corporation has brought the fuel and people are keeping it in their backyard, it means there is no fuel in the stations. We have supplied enough to the market and some people are hoarding it so that they can make extra money”.


Related Posts

VESSELS EXPECTED AT LAGOS PORT AS AT TUESDAY 10, MAY 2022

VESSELS EXPECTED AT LAGOS PORT AS AT TUESDAY 10, MAY 2022

May 10, 2022
VESSELS EXPECTED AT LAGOS PORT AS AT FRIDAY 29, APRIL 2022

VESSELS EXPECTED AT LAGOS PORT AS AT FRIDAY 29, APRIL 2022

April 29, 2022

‘Why I Pay More Attention To Rail Than Maritime Sector’- Rotimi Amaechi

September 27, 2021
ANLCA President Calls For Emergency On Reconstruction Of Roads Leading Into Apapa

ANLCA President Calls For Emergency On Reconstruction Of Roads Leading Into Apapa

May 15, 2021

Discussion about this post

Latest News

NPA Urges UK Govt To Quit Labelling Nigerian Exports

NPA Urges UK Govt To Quit Labelling Nigerian Exports

May 18, 2022

Women In MaritimeDay Will Promote The Recruitment, Retention, Employment Of Women In The Maritime Sector  – IMO Scribe

ANLCA NECOM Moves To End Crisis, Begins Reconciliatory Move, Visits Oodua Maritime Group

Nigeria’s Q1 trade deficit rose by 175%, hit $764m – CBN

Protesters Block Tanker with Russian Cargo from Entering UK Port

VESSELS EXPECTED AT LAGOS PORT AS AT WEDNESDAY 18, MAY 2022

Finally, Amaechi Resigns As Minister Of Transportation

Lagos Free Zone, Partners Sign N10bn Gas Deal

Gbemi Saraki To Chair LASG Transport Conference, Exhibition

FG To Resume Abuja-Kaduna Train Service May 23

Sylva Withdraws Presidential Bid, Back To Office

VESSELS EXPECTED AT LAGOS PORT AS AT TUESDAY 17, MAY 2022

kindly like our Facebook page

Health

What You Need To Know About Monkeypox
Health

What You Need To Know About Monkeypox

May 16, 2022

According to the latest Monkeypox situation report of the Nigeria Centre for Disease Control, Nigeria recorded 15 confirmed cases of...

Sleep Duration Of 7 Hours Optimal For Elderly – Study

Sleep Duration Of 7 Hours Optimal For Elderly – Study

May 16, 2022
COVID-19 On Increase In Americas, Africa – WHO

COVID-19 On Increase In Americas, Africa – WHO

May 9, 2022
‘65 Per Cent Of Africa’s Population Survived COVID-19’

‘65 Per Cent Of Africa’s Population Survived COVID-19’

May 9, 2022
Seven Hours Of Sleep Ideal For Middle-Aged Persons – Study

Seven Hours Of Sleep Ideal For Middle-Aged Persons – Study

May 9, 2022
Some Things That Are Actually Damaging The Kidneys (2)

Some Things That Are Actually Damaging The Kidneys (2)

May 9, 2022

The World Of Vaccines, Before And After COVID

April 29, 2022
Only 29% Of Hospitalised COVID-19 Patients Make Full Recovery One Year On – Study

Only 29% Of Hospitalised COVID-19 Patients Make Full Recovery One Year On – Study

April 29, 2022
WHO Alerts Countries To Increase In Hepatitis Cases Of Unknown Origin

WHO Alerts Countries To Increase In Hepatitis Cases Of Unknown Origin

April 29, 2022
Some Things That Are Actually Damaging The Kidneys

Some Things That Are Actually Damaging The Kidneys

April 29, 2022
Nigeria Records Continuous Decrease In COVID-19 Cases, Deaths – NCDC

Nigeria Records Continuous Decrease In COVID-19 Cases, Deaths – NCDC

April 25, 2022

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition

No, thank you. I do not want.
100% secure your website.
Powered by EssentialPlugin