Nigeria to shut down its oil refineries as it works to revamp -NNPC chief

Nigeria has made a “conscious decision” to shut down all its oil refineries while it works to revamp them, the head of NNPC said yesterday.
The three refinery sites in Africa’s largest oil exporter have worked only sporadically due to years of underinvestment. It has been working to revamp them, but has struggled to find external financing to do so.
“Today, after proper scoping, which was not done in the past, we know exactly what to do to get them back on stream,” NNPC head Mele Kyari said. “We have also secured financing to make sure they work optimally.”
Former Group Managing Director of NNPC, Dr. Maikanti Baru, had in 2017 shut down refineries for the same purpose.
Baru has said , the rehabilitation work would restore the refineries to nameplate capacities by 2019 when the country is expected to exit the importation of petroleum products.
He said, “As you know, it has been the perception of the public that the repairs of the refineries are never done thoroughly. So this time, our intention is to shut down the refineries when we are ready, and then fully bring them back to what they should be as new refineries.
“Obviously, it is going to be a complex procedure and as such, we have to break down the various work packages to ensure that all the various workforces have sufficient focus, and if you notice the time that we inaugurated (eight committees on the refineries rehabilitation), the work streams are composed of the general managers and executive directors level, and they will be having a day-to-day look at it, while the steering committee is at my level and that of the chief operating officers all looking at the problems the workstations have and they will proffer solutions immediately.”
“We intend to focus on the repairs of the refineries with all that it takes to ensure that this time, when we are done by 2019, these refineries will be as good as new.”

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