The Port-Harcourt refinery in Rivers State which delivers around 210,000 barrels of unrefined per day(bpd) has closed down, subsequently intensifying the fuel shortage across the nation.
The Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu,disclosed this at the lunch get-together of the Petroleum Club in Lagos on Saturday.
He said with the breakdown of the plant, the country's refineries in Warri and Kaduna are currently totally grounded, bringing the consolidated yield from 1.9 for every penny in the most recent couple of weeks to zero.
Kachikwu, who depicted the poor refining limit as worisome, said there were moves to restore the lost radiance of the refineries and guarantee that they contribute enormously to the national fuel utilization.
He said the enterprise needs in regards to $500 million to repair the refineries, and he is determined to raise funds for the refineries between seven months to one year.
"A few individuals are undermining the endeavors through pipeline vandalism, however we will block every one of the spillages and fix the issue," he guaranteed.
Kachikwu, then again, restated his dedication to pivot the NNPC to a world class organization inside of the following six to 12 months and guarantee that it works proficiently in a straightforward and responsible way.
The NNPC leader, who concurred that these are intense attempting times for the business, said the issues are entirely genuine than we might suspect, so Nigerians need to buckle down and start to include esteem.
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