Monday 28 December 2015

REFINERIES IN NIGERIA TO PRODUCE 10 MILLION LITRES OF PETROLEUM PER DAY- MINISTER

The Minister of State for Petroleum, Dr Ibe Kachikwu- who was received by the Managing Director of KRPC management headed by Mr Saidu Mohammed, was accompanied by top NNPC officials during his official visit to Kaduna Refining and Petrochemical Company (KRPC)- said the refineries in the country had been repositioned to produce not less than 10 million litres of Premium Motor Spirit (PMS), popularly known as petrol, per day.
He said his visit to the refinery was to see its current state to know if there are areas of challenges for the workers at the refinery, while pointing out that a lot "has already been done and a lot manpower have been put in place. But a lot still needs to be done in order to put this refinery to work continuously and reliably."

The management of KRPC were also commended for keeping the refinery working for more than a week now, he however said there was room for improvement so as to move the current production level from 1.5 million litres to 2 or 3 million litres per day.

He said progress has been made in making fuel available in the various cities and towns as the long queues are fast disappearing from the filling stations and expressed confidence that with more refineries coming on stream the fuel supply situation will continue to improve in the country.

While answering questions later from newsmen, the minister said the Federal Government was doing all it could do to ensure the subsidy on fuel is resolved without inflicting more pains on ordinary Nigerians.

He said, “Everybody is on the same page that we need to get out of it; should we sale product at a certain price or should we let free market rolling so that we can sky rocket prices.”

He said, the President says that product should go for N87 per litre for now and that he has given an approval to look at market trends and make adjustment if need be.And assured that the administration was committed to ensuring adequate supply of petroleum products across the country.

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