258,810 Barrels Of Crude Missing From Refineries – NNPC Cries Out

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Nigeria Records N7trn Revenue From Crude Oil Exports

The Nigerian National Petroleum Corporation, NNPC has raised alarm that 258,810 barrels of crude has gone missing from the Nation’s refineries.

According to The Punch, the crude was supplied to the refineries between April and May, 2015.

Information gathered from the publication shows that the crude was either wasted or illegally disposed.

The report obtained on Friday specifically indicated that the Port Harcourt Refining Company, Kaduna Refining and Petrochemical Company Limited, and Warri Refining and Petrochemical Company Limited, which received the crude, could not account for the supplies for the period.

Part of the report for April read, ”This month, 204,720 barrels of crude oil and slop was received by the three refineries, KRPC, PHRC and WRPC.

”With an opening stock of 1.164 million barrels, the total crude oil available for processing was 1.369 million barrels out of which zero barrel was processed. The respective average capacity utilisation during the month was 0.00%, 0.00% and 0.00% for the KRPC, PHRC and WRPC”.

May read, ”This month, 54,090 barrels of Seplat crude oil were received by the WRPC.

”The PHRC and WRPC had an opening stock of 484,240 barrels, total crude oil available for processing was 538,330 barrels out of which zero barrel was processed. The respective average capacity utilisation during the month was 0.00%, 0.00% and 0.00% for the KRPC, PHRC and WRPC, respectively.”

Datboyjerry

Datboyjerry

I am but your herald boy in the art of the pen.. An eccentric Environmental Biologist smouldered in the glorious epiphany of online journalism. If you ever find my article unduly insipid, sue me and i’ll refund you...

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