Kaduna, Warri refineries to begin production in 18 months – Kyari

Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, says the Kaduna and Warri Refineries will begin production in 18 months when the rehabilitation of the facilities beginning from this month would have been completed.

The Port-Harcourt refineries currently being repaired are expected to commence crude oil refining in 18 months.

Kyari disclosed this on Wednesday when he appeared as a guest on Arise TV’s, the ‘Morning Show’.

“The Kaduna and Warri refineries’ rehabilitation which will be awarded in July will be completed and start production almost the same time as the already awarded Port-Harcourt refinery,” the NNPC GMD said.

He said though the PH refinery had a completion period of 40 months, crude oil refining would start there in 18 months from now, January 2023.

On under-recovery payment, Kyari said the payment for differential cost between the actual landing cost and pump price rate was affecting NNPC’s remittance to the Federation Account.

“We are supposed to remit N120bn to the Federation Account every month. But in the last four months we have not been doing this. Though it is not zero remittance as reported in the media. In June, we remitted N38bn’’, the NNPC boss said.

He had earlier said although pump price of petrol should have been N256 per litre based on current crude oil price, the federal government through the NNPC is still paying the differential until an appropriate price is agreed upon by government and the labour.