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In a significant boost to Nigeria’s oil refining capacity, the Warri Refinery has officially commenced operations, running at an impressive 60% capacity. This milestone marks a major turnaround for the facility, which has been under rehabilitation since 2021.
According to Mele Kyari, Group CEO of the Nigerian National Petroleum Corporation (NNPC), the refinery’s restart is a testament to the corporation’s commitment to revamping the country’s refining infrastructure. The rehabilitation project, which cost a whopping $898 million, aimed to restore the refinery to its full production capacity.
Initially, the Warri Refinery will focus on producing straight-run kerosene, diesel, and other petroleum products. With a production capacity of 125,000 barrels per day, the refinery is expected to significantly reduce Nigeria’s reliance on imported petroleum products.
The restart of the Warri Refinery is a welcome development for Nigeria’s economy, which has long been plagued by fuel scarcity and high production costs. By increasing domestic refining capacity, the country can reduce its dependence on imported fuel, conserve foreign exchange, and create jobs.
The rehabilitation of the Warri Refinery is part of the NNPC’s broader strategy to revamp Nigeria’s refining infrastructure. The corporation has also commenced rehabilitation works at the Port Harcourt Refinery and the Kaduna Refinery, with the aim of restoring the country’s refining capacity to its full potential.
As the Warri Refinery continues to ramp up production, Nigerians can expect a significant improvement in fuel availability and a reduction in prices. The refinery’s restart is a major step forward for Nigeria’s oil and gas industry, and a testament to the NNPC’s commitment to driving economic growth and development.
Key Highlights:
– Warri Refinery commences operations at 60% capacity
– Rehabilitation project cost $898 million
– Initial production focus on straight-run kerosene, diesel, and other petroleum products
– Production capacity of 125,000 barrels per day
– Restart expected to reduce Nigeria’s reliance on imported petroleum products
– Part of NNPC’s broader strategy to revamp Nigeria’s refining infrastructure
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