Current reports on refineries production in Nigeria indicate that more heavy or fuel oils (low and high fuel oil/black oil) are being produced from the four refineries than other high demand products like premium motor spirit, PMS, otherwise known as petrol.
This was revealed despite assurances by the Nigerian National Petroleum Corporation, NNPC, which said last week that two of its refineries were working between 60 and 80 percent of their installed capacities.
According to Vanguard, NNPC had promised that the four refineries would be re-streamed by July end, when the turn around maintenance, TAM, of the hitherto almost comatose refineries would have been rounding up, thus, buoying high hopes for imminent relief from products scarcity in the country.
Capacity utilisation
However, status of the refineries operations as at July 31, 2015, exclusively obtained by Sweetcrude, indicate that the refineries cannot still meet the daily consumption requirement of between 40 and 42 million litres/day for petrol.
For now, the Port Harcourt Refining Company, PHRC 2, is only able to produce about 39million litres of petrol, i.e. 38,906 x 1000 = 38.906 million compared with fuel oil, which is in low demand of about 49 million litres.
This is because aside from the PHRC 2, the fluid cracking catalytic units, FCCUs of the other refineries are still under rehabilitation. But succour is expected from the Warri Refining and Petrochemical Company, WRPC, once its FCCU has been fully rehabilitated, to produce additional 30 million plus litres, while capacity utilisation in the Kaduna Refining and Petrochemical Company, KRPC, remains nil.
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