The Edo Refinery and Petrochemicals Company Limited (ERPCL) has raised concerns over the shortage of crude oil supply, a challenge that has hindered its operations.
The management of AIPCC Energy Limited, operators of the refinery, said in a statement to journalists that it has struggled since 2021 to secure the necessary feedstock to run at total capacity.
Speaking on behalf of the company, Segun Okeni expressed frustration at the persistent crude oil supply issues, stating that the refinery has been unable to meet its production targets due to the erratic and insufficient supply.
His words:
ThisDay reports that the company said that the crude oil supply issues have not been resolved despite the meetings, correspondences, and communications with NNPC over the past three years.
He added:
The Group CEO of NNPC Limited, Mallam Mele Kyari, stated that crude supply to refineries is determined by the “willing buyer – willing seller.”
According to reports from Vanguard, the NNPC Limited chief emphasised that the company has complied with all the enabling laws governing its dealings with partners.
Kyari made these comments while testifying before the Senate Ad-Hoc Committee investigating alleged economic sabotage in the Nigerian petroleum industry.
His key words are:
Earlier, TimesNow.com.ng reported that the Independent Petroleum Marketers Association of Nigeria stated that the Port Harcourt refinery is expected to be completed for production in August.
The refinery will be able to produce 10–12 million litres of petroleum products for marketers to purchase.
Source: TimesNow.com.ng
