Monday, 31 August 2015

NNPC Temporarily Shuts Down Warri Refinery


The Warri Refinery has been temporarily shut down due to operational challenges emanating from insufficient crude oil supply in the system as disclosed by Mr. Ohi Alegbe, Group General Manager, Group Public Affairs Division for the Nigerian National Petroleum Commission (NNPC) according to reports by Reuters.

Mr. Alegbe further informed that the refinery would be reopened again for operations on Tuesday and that "they are supposed to have at least a 25-day sufficiency in the supply of crude. So because of the depletion in the volume of crude they have had to temporarily shut down," said Alegbe.

The state oil company also said on Thursday it has reduced the number of off-takers that will emerge after a competitive bid for the proposed 2015/16 crude oil term contract to 16 from 43.

NNPC, which announced a raft of measures aimed at rooting out mismanagement in Nigeria's oil sector, said it had extended invitations to Mobil and Forte Oil, in addition to an earlier published list, to bid for the new proposed offshore processing agreement.

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