We spent N100bn on refineries’ rehabilitation in 2021- NNPC

The Nigerian National Petroleum Company (NNPC) Limited has said that it spent N100 billion on the rehabilitation of the nation’s refineries in 2021.

The disclosure was made in the Nigerian National Petroleum Corporation (NNPC) presentation to the Federation Account Allocation Committee (FAAC) meeting on its funding performance for the year.

Though the specific refineries which was rehabilitated were not disclosed, however the group said it spent N8.3 billion every month 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 installed capacity of 445,000 barrels of oil per day, Nigeria still imports its refined petroleum products.

Stay Connected , follow us on: Facebook: @creebhillsdotcom, Twitter: @creebhillsblog, Instagram: @creebhills, Pinterest: @creebhills Telegram: creebhills

To place an advert/sponsored post on our site, contact us via [email protected]
Previous article“There is therefore no condemnation to me i am in christ Jesus” – Sammie Okposo returns to Instagram
Next articleAlleged $350k Relief fraud: US Court adjourns trial of Ogun Governor’s aide Abidemi Rufai
Pro Blogger, Online Content Developer with over 3 years of experience


Please enter your comment!
Please enter your name here