Monday, October 15, 2012

Nigeria Budgets Cash for Refinery Maintenance

According to reports out of Nigeria the government plans to spend more than $1.6 billion in turnaround maintenance on three of its refineries. Speaking before the Senate Committee on Petroleum Resources Downstream Sector, Nigeria’s Minister of Petroleum Diezani Alison-Madueke said that the refineries in Port Harcourt, Warri, and Kaduna would see turnaround maintenance in an effort to get them running at full capacity.

The maintenance is expected to begin in January 2013 and is scheduled for completion in October 2014.

An article in THISDAY revealed that the Port Harcourt refinery has not been in operation and both the Warri and Kaduna refineries as of July have been operating at about 25% capacity. The refinery in Port Harcourt will be the first to undergo maintenance, followed by the Warri and Kaduna refineries.

Over 75% of the parts needed for the maintenance on the Port Harcourt refinery have arrived the country.

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