Connect with us

Naija News

Mallam Kyari states why it failed to fix refineries, to build 200,000 capacity refinery

Published

on

Mallam Mele Kyari NNPC

Mallam Kyari states why it failed to fix refineries, to build 200,000 capacity refinery

Mallam Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), has explained why the country has not been able to successfully fix the refineries after about 20 years of trying fix and upgrade the refinery capacity.

The NNPC boss said that the failure to fix the refineries over these years was a strategy problem, as they never knew what they wanted to do with it. He said that the corporation didn’t get the right advisory services and the right strategy to go through with it.

Mele Kyari disclosed this on Friday, during a virtual conference organized by Atlantic council. He said that it was difficult to explain why an oil-producing country like Nigeria would become a net importer of petroleum products.

According to Kyari, “This reason is very simple, we couldn’t fix our refineries and that’s very difficult to explain. Why can’t we fix our refineries? We started this very many years ago. For 20 years, all attempts to fix the refineries failed for very simple reason, there is a strategy problem.

“First, we never knew what we wanted to do with it; we didn’t get the right advisory, the right strategy to go through this. And we started a process 4 years ago to getting oil traders to come and help us fix this, that never worked. We also have the strategy to make sure that we get in the original refinery builders to help us do it. That is not their job. It’s just like you are buying a car and saying that Toyota must come and repair it for you, that doesn’t work anywhere.’’

Going further, Kyari said that the country has changed its strategy to make sure that they have a new framework. The framework is to help the corporation and also the investors to put their money into it and ultimately change that equation.

READ MORE:

He said the way to go is to first fix the refineries as they have set a target for that and have a clear strategy for achieving it.

NNPC, partners to invest 53% of COVID-19 N21 billion intervention, NNPC gives reasons why it failed to fix the refineries, to build new 200,000 capacity refinery

The NNPC boss also said that NNPC is working on building a condensate refinery in order to achieve self-sufficiency in refined petroleum products. He said that the condensate refinery which should have a total refining capacity of 200,000 barrels per day would complement production at Dangote Refinery when it takes off and the four NNPC refineries when they have been fixed and revived.

JOIN US ON FACEBOOK

Naija News

Basketball: Nigeria Defeats USA Men’s Basketball Team 90-87 in a Scrimmage Matchup

Published

on

Basketball: Nigeria Defeats USA Basketball Team

Nigeria’s D’Tigers stunned the US Men’s Basketball team 90-87 in an exhibition game played on Saturday night in Las Vegas.

 

D’Tigers who lost 156-73 to the US team at the London 2012 Olympics put up an incredible performance despite the sterling performances of Kevin Durant, Jayson Tatum and Damian Lillard.

Miami Heat’s Gabe Vincent put up a tremendous performance as he hit six three pointers of the 20 Nigeria recorded in the match.

Follow us on Facebook

D’Tigers who won the 2015 Afrobasket in Tunisia continue to intensify their preparations under the tutelage of Mike Brown ahead of the 2020 Olympics in Tokyo.

Read Also:

Gernot Rohr Says He Shunned Super Eagles-B Because He is Not in Charge of Home-Based Stars

 

Super Eagles Get Visa, To Undergo Covid 19 Test Tuesday

Continue Reading

Naija News

Niger Currently has 20 IDP Camps – NSEMA

Published

on

Niger Currently has 20 IDP Camps – NSEMA

The Niger State Emergency Management Agency (NSEMA) has disclosed that the state currently has 20 Internally Displaced Persons (IDPs) camps across the state.

The Director-General of the Agency, Alhaji Ibrahim Inga, disclosed this to newsmen when the Victims Support Fund made an assessment tour of the Gwada IDP camp in Shiroro Local Government Area.

According to Inga, the burden of taking care of the IDPs is taking a toll on the state government because of the dwindling resources of the state government, stressing that the government resources can no longer sustain the displaced people for long.

YOU CAN FOLLOW US ON FACEBOOK

Inga further explained that the majority of the displaced persons are still in the camp because their communities are not safe for them to return.

He expressed concern over the fact that it is only the state government and the Ministry of Humanitarian Affairs that have reached out to the displaced persons in the camp, calling on other humanitarian agencies and development partners to reach out to the people.

Read Also:

Matawalle Asks Zamfara Residents to Defend Selves

We Are Ready to Meet with Nigerian Govt.- Twitter

 

Continue Reading

Naija News

NDLEA Nabs Uber Driver, 2 Traffickers with Cocaine in Lagos

Published

on

NDLEA Nabs Uber Driver, 2 Traffickers with Cocaine in Lagos

The National Drug Law Enforcement Agency (NDLEA) has arrested an Uber driver, and two other suspected traffickers with different quantities of cocaine at Murtala Muhammed International Airport, Lagos.

Femi Babafemi, Director, Media and Advocacy, NDLEA, said this in a statement on Sunday in Abuja.

Babafemi said the Uber driver, Lawal Tunde Rasheed, was arrested at the Skyway Aviation Handling Company Plc, export shed of the airport on Tuesday, June 8.

YOU CAN FOLLOW US ON FACEBOOK

He added that Rasheed was arrested when he brought a consignment from his client to a freight forwarder for export to Malabo in Equatorial Guinea.

According to him, when the package was searched, 150grammes of cocaine, concealed inside two pieces of air freshener were discovered.

He further noted that investigations have so far confirmed that the suspects were behind two seizures of 50grammes of cocaine in hair attachment and another 150grammes of cocaine concealed in air freshener, heading to Malabo.

Read Also:
Sanwo-olu Honours Lagos Officer Assaulted by Traffic Violator

NDLEA Seizes 621,085kg Hard Drugs In Imo State

 

Continue Reading

Trending