Kaduna refinery loses ₦14.43 billion in 4-month due to inactivity

One of the nation’s refineries, Kaduna Refining and Petrochemical Company, did not process any crude oil from June to September this year and made a loss of ₦14.43 billion within the period. The three government-owned refineries lost a total of ₦16.67 billion in the third quarter of this year, the latest financial and operations report […]

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NNPC indefinitely shuts Kaduna, Warri refineries over maintenance costs

The Nigerian National Petroleum Corporation, NNPC, has indefinitely shut down two of the nation’s three refineries due to increase in their operational costs and several maintenance issues. According to correspondence, a top official of the corporation said Kaduna and Warri refineries had been down since July and yet to resume production till date. “Kaduna refinery, […]

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