The Nigerian National Petroleum Company Limited (NNPCL) has been advised by the Nigerian Extractive Industries Transparency Initiative (NEITI) to expedite the current restoration of the Kaduna Refinery and Phase two Port Harcourt Refinery Company Limited.
The call was made by the watchdog group in a release issued by Obiageli Onuorah, Acting Director of Communication & Stakeholders Management.
It praised NNPCL for the initial phase of the Port Harcourt Refinery rehabilitation project’s successful conclusion and the Warri Refinery’s gradual restart of operations.
Nigeria has long been dependent on petroleum imports, and these achievements, according to NEITI, are important steps in the right direction.
The statement emphasised that the operationalization of these refineries is a significant step in the direction of economic sustainability and energy self-sufficiency, The Nation reported.
The statement reads in part:
NEITI is thrilled that the substantial sums spent on subsidies will now be available to promote poverty alleviation, national development, and the continuous reconstruction of the nation’s infrastructure, thanks to the ongoing efforts to restart the refineries.
TimesNow.com.ng reported that oil marketers have expressed hope about renovating Nigeriaâs 21 depots owned by the Nigerian National Petroleum Company Limited (NNPC) as the Port Harcourt and Warri refineries begin operations.
Despite NNPCâs promise of revamping the depots, dealers in the petroleum industry said it is critical to expedite the repair of the facilities to boost the gains of the refineries.
The marketers asked the state oil company to take steps to restore the dormant fuel depots nationwide.
Source: TimesNow.com.ng
