The Nigerian National Petroleum Corporation (NNPC) said it plans to increase the capacity utilisation of its refineries to 60 per cent this year, and to 80 percent by the end of 2018, without giving further details.
Nigeria has five refineries two in Port Harcourt, Warri, Kaduna and Ogbelle, with combined capacity of 446,000 barrels daily. Four these refineries (445,000bpd combined capacity) are operated by NNPC subsidiaries, while the Ogbelle, a 1,000-barrel capacity private diesel topping refinery in Rivers State is run by the Niger Delta Petroleum Resources, NDPR.
Data from industry regulator, Department of Petroleum Resources (DPR), indicate that all the refineries combined had worked at an average of 20 percent since 2010. Therefore, any increase in capacity will be a big boost for petroleum products availability, which importation is estimated at over N10 billion monthly.