Domestic Refining Capacity Rises By 3.8% To 462,000 bpd
The refining capacity of Nigeria has increased from 445,000 barrels per day, bpd, to 462,000 bpd, as private investors complete the construction of three new refineries, indicating an increase of 3.8 percent.
The refining capacity of the nation’s four refineries, located in Port Harcourt, Rivers State; Warri, Delta State, and Kaduna, Kaduna State, had for several years been stagnated at 445,000 bpd, which was inadequate to meet domestic demand.
But, in its latest report— List of Valid Refinery Licences—, the Department of Petroleum Resources, DPR, stated the completion of work on the Waltersmith Refining and Petrochemical Company Limited, OPAC Refineries Limited and Niger Delta Petroleum Resources (Train2), which have 5,000 bpd, 7,000 bpd and 5,000 bpd respectively, thus increasing the nation’s capacity by 17,000 bpd to 462,000 bpd.
However, the report did not disclose when the new plants, located in Ibegwe, Imo State, Umuseti, Delta State and Ogbele, Rivers States, respectively, would come on stream.
