" Kaduna Refinery To Be Ready By Q4 2024, Says Lokpobiri - Flavourway

Breaking

Surfe.Pro Crypto Ad Network

Monday, October 30, 2023

Kaduna Refinery To Be Ready By Q4 2024, Says Lokpobiri

 

17814954_collagemaker28oct20230715pm1_jpegc4b021b62783d0ec1d3f065face383b8

Heineken Lokpobiri, the minister of state for petroleum r

esources (oil), says Kaduna refinery will begin operation by the end of 2024.

In a statement shared by the Nigerian National Petroleum Company (NNPC) Limited, Lokpobiri gave the timeframe during an assessment of the progress of work on the ongoing quick-fix project on the Kaduna refinery on Saturday.

Lokpobiri, Mele Kyari, the group chief executive officer of NNPC and other top executive directors, inspected the Kaduna Refinery and Petrochemicals Company Limited (KRPC).

He said the timeframe was given due to the “significant level of progress” he witnessed on the tour.

To ensure the Kaduna refinery is back on stream before the end of this year, Lokpobiri said the federal government would continue its support.

The minister said key players involved in the refinery’s rehabilitation process would be held accountable to ensure the timely delivery of the project.

Lokpobiri said there is an urgent need to get the refinery back on stream for the nation’s economic prosperity and energy security — which are both paths to sustainable development.

On his part, Kyari assured that the timeframe for the fuel plant to begin operation will be met as all hands are on deck.

Kyari said the equipment needed for the quick-fix activities is already in place, adding that the repair would ensure 60,000 barrels per day output at the refinery.

“We are very confident that we will get the appropriate financing to get to the end of it, and ultimately, we will start to deliver value to Nigerians again,” he said.

“We plan the quick fix for 60,000 barrels per day so that we can start making money from this plant and we can continue the other part of the refinery to bring it up to its full-fledged capacity.

“This will also tally with the completion of the Build, Operate, and Transfer (BOT) on the pipeline.”

This, Kyari said, will result in a reliable pipeline delivery infrastructure.


No comments:

Post a Comment

We love to hear from you!
THANKS.