Refineries produced far below capacity in September—NNPC
The Nigerian national Petroleum Corporation (NNPC) has revealed that three of the working refineries worked below capacity in the month of September.
But the corporation was quick to note that the ongoing Turn around Maintenance (TAM) of the NNPC further put the total crude processed by the three local refineries Kaduna Refining & Petrochemical Company (KRPC); Port Harcourt Refining Company Limited (PHRC); and Warri Refining and Petrochemical Company (WRPC) for September 2016 AT 252,897 metric tonnes (MT).
This, NNPC explained translates to a combined yield efficiency of 84.86 per cent compared to 359,081MT crude processed in August 2016, and intermediate of 16,305MT (119,548bbls) or a combined yield efficiency of 86.89 per cent.
The corporation noted that “For the month of September 2016, the three refineries produced 139,724MT of finished petroleum products and 74,885MT of intermediate products out of 252,897MT of crude processed at a combined capacity utilisation of 13.89 compared to 19.09 per cent combined capacity utilisation achieved in the month of August 2016.
“The abysmal performance was due to crude pipeline vandalism in the Niger Delta region and the three Refineries continue to operate at minimal capacity”.
It disclosed that 460.63 million litres of white products was supplied into the country through the Direct Sale-Direct Purchase (DSDP) arrangements.