The Chief Operating Officer, Refineries, at the Nigerian National Petroleum Corporation (NNPC), Kragha Anibor has explained that a trip in power supply has led to a shutdown in productions of Warri Refinery.
Kragha who spoke in Abuja at the Nigerian Oil and Gas conference, said all the units in the refinery were working before the fault occurred.
He said NNPC was still looking for partners to rehabilitate all the refineries to boost efficiency and increase production levels.
He disclosed that President Muhammadu Buhari has approved the implementation of a new commercial model that would get investors to invest in the restoration of the efficiency levels of the refineries.
He said: “The shutdown of the refinery in Warri was not about efficiency. It was specific issue of power. We have gas turbine generators in Warri and they tripped and so we have actually got GE on site to rectify and it is not an efficiency thing because all my units were running in Warri and we had this trip. We shut down to address it well.
“PMS we cannot meet even if we produce 100 per cent capacity, we will meet about 50 per cent of our demand but if we go on 100 per cent we will be long in AGO and kerosene. The demand for AGO is 12 million litres, when the three refineries are running they produce 8 to 9 million litres and that is at 60 per cent capacity utilisation and that is if the refineries have crude, but I don’t have crude.
“In 2015, I got 8 million barrels of crude, in 2016, over 7-8 months we were able to get almost 24 million and so we need crude, if we get crude, we will operate”.
On the current cost of petrol, Kragha explained: “Cost of PMS from refineries are N133, but from ex-depot because they add about N4 or thereabout it won’t be more than N136 to a litre”.