75% of fuel in Nigeria will still be imported in 2016

Group Managing Director NNPC and Minister of State for Petroleum, Dr. Ibe Kachikwu, during his tour of Kaduna Refinery and Petrochemical Company, KRPC, yesterday, said the country will still rely on 75 per cent importation of fuel throughout the whole of next year.

According to him:

“The future is that, Nigeria is still going to import fuel in 2016 and beyond. Best case situation is 25 per cent local and 75 per cent importation. Worse case is what we are experiencing now.

“Until we begin to get individuals who can co-relocate, we are going to be doing a mixture of local and importation of fuel to meet up demands. In the next few weeks, however, queues will disappear in fuel stations.”

The minister said that the Kaduna refinery will soon be producing more than two million litres per day capacity as soon as an Fluid Catalytic Cracking, FCC, unit is fully on stream.
He said:

“We need to get it back to re-kit it to work well. We will do that with some level of production going on. Our concern is to have a consistent production and provision of products at all times.”

“We will not be fluctuating prices, we will take an average. Today no subsidy, in January we will look at the situation and announce it.”

In regards to privatization, he said:

“President Muhammadu Buhari has not approved any policy about selling the refineries.”

Comments

This is serious- Fck you,Fuck your whole generation, You are fake,a bstard – Olamide Blasts Don Jazzy…See Why Here!

After Olamide stormed off the stage,Donjazzy took to the stage as he won his lifetime award and addressed Olamide (Who didn’t mention his name initially) …. Donjazzy said he was hurt that Olamide felt cheated .He said he had told his boys not to be worried about the Nextrated category ,,He also said he promised to buy them cars (which comes with the award)..He he Mavin ended his statement with the words “Egbon olamide, if it is car you want, come and collect it ” He then stormed off the stage with the Mavin crew..

COULD JOHN OBI MIKEL STILL BE JAY- JAY OKOCHA’S HEIR?

Over the years, Mikel and a host of others have all taken turns to fill the hole left by Jay-Jay Okocha, but none have matched his wizardry. The search for a half decent central attacking midfielder is still ongoing, with Rabiu Ibrahim the current trialist for the role in the hole. click here to read more

Dbanj’s Absence At Mavin Records Not Felt – Dr. Sid

Dbanj was one of the members of Mohit records. Few years back, Dbanj had a misunderstanding with the group and he and his brother decided to start their own record label which is DB Records. While the rest of Mohit formed Mavins.Dr Sid a member of Mavins said in a recent interview that, "We are not missing Dbanj, no, not at all. He is doing so well and he has gone on to drop a couple of hits and the same goes for Mavin; we have dominated the last two years of Nigerian music no doubt so we are also doing so well,"

optofem

Search This Blog