Major stakeholders in Ideato North/South Federal Constituency have showered encomium on Nigerian National Petroleum Company Limited (NNPCL) Group Chief Executive Officer, Mele Kyari, for reviving ailing refineries in the country to increase crude oil production.
Speaking at the downstream end-of-the-year media engagement, constituency spokesperson Maxwell Aleto lauded the NNPCL boss and the President/Chief Executive Officer of the Dangote Group, Aliko Dangote, for their role in changing the fortune of Nigeria’s downstream sector.
He said, “We, the stakeholders in Ideato Federal Constituency, after careful observation of the turning points in the Nigerian energy sector, hereby pass a vote of confidence on the Group Chief Executive Officer of NNPCL, Mele Kyari, under whose leadership the national oil company has witnessed a transition, with refineries being reactivated and crude oil production surging.
“It is quite commendable that under Kyari’s watch, the Port Harcourt Refinery, with two refining units capable of handling 210,000 barrels of crude oil per day (bpd), has been resuscitated.
“The NNPC Ltd has announced that the refinery has resumed crude oil processing. The company also confirmed that petroleum products from the refinery will soon be delivered to the market, marking a significant step toward boosting fuel supply in the country. Also, there is the Warri Refinery, which has a distillation capacity of 125,000 barrels per day (bpd) and includes a petrochemical plant that produces 13,000 metric tons per annum (MTA) of polypropylene and 18,000 MTA of carbon black.”
He stressed that it is also noteworthy that Aliko Dangote’s refinery is the world’s largest single-train refinery, with the capacity to process 650,000 barrels of crude oil per day.
“The results of these efforts by Kyari and Dangote are already with us, as acknowledged by the Independent Petroleum Marketers Association of Nigeria, who attributed the fierce competition between Nigeria’s two refineries owned by Dangote and NNPC Limited for the recent drop in the pump price of premium motor spirit (PMS), also known as petrol,” he said.
