We Spent N100bn On Refineries’ Rehabilitation In 2021- NNPC

According to the Nigerian National Petroleum Company (NNPC) Limited, the amount of N100 billion was spent on the rehab of the country’s refineries in 2021.

The disclosure was made in the Nigerian National Petroleum Corporation (NNPC) discussion to the Federation Account Allocation Committee (FAAC) meeting on its funding performance for the year.Though the specific refineries which was rehabilitated were not revealed, nevertheless the group said it invested N8.3 billion monthly in 2021 to revamp the refineries. While the Port Harcourt Refining Company(PHRC),

Kaduna Refining Production Company (KRPC)and the Warri Refining Production Company (WRPC) which the NNPC manages has a combined set up capacity of 445,000 barrels of oil per day, Nigeria still imports its refined petroleum products. ToriNG