The Nigerian National Petroleum Corporation (NNPC), weekend, stated that the newly re-opened Port Harcourt and Warri refineries are now producing seven million litres of Premium Motor Spirit, PMS, also known as petrol per day.
According to an NNPC statement in Abuja, Minister of State for Petroleum Resources and Group Managing Director of the NNPC Emmanuel Kachikwu made the disclosure while re-commissioning the Bonny-Port Harcourt Refinery crude pipeline that had been rehabilitated after being out of use for a number of years due to incessant pipeline vandalism.
The minister said the Port Harcourt Refining Company now produces five million litres of Premium Motor Spirit while the Warri Refining and Petrochemical Company also produces two million liters of petrol per day.
“Port Harcourt is back in production, Warri is back in production, Kaduna as at today is receiving crude and will soon be back in production. Lagos is easing off now from fuel scarcity and Abuja is doing the same thing and once Kaduna begins production, the North will see a lot of improvement,” he explained.
He explained that the investors will help us to provide technical support and they will be paid through the flow out of refined products over a period of time “which is why we have also changed the refining model such that refineries pay for their crude so it goes into federation account”.