NNPC imports 16,000 tons of petrol

Jan 11, 2007 01:00 AM

Nigerian National Petroleum Corporation (NNPC), confirmed importing 16,000 metrics tons of petrol, just as the Department of Petroleum Resources (DPR) stated that a total volume of 12,267,915 petroleum products were distributed to various depots across the country between January and November 2006.
The development, which was confirmed by a source at the corporation, will no doubt ease the lingering fuel scarcity nation wide. It was also learnt that the corporation is likely to meet with all stakeholders, to discuss the issue of marketing and payment of the N 16 bn bill presented.

The breakdown, according to a report by the department, showed that a total of 9,034,227 volume of Premium Motor Spirit (PMS), was distributed to various depots owned by NNPC, major marketers and independent markers. During the period under review, the downstream department distributed 1,812,222 volume of Automotive Gas Oil (AGO) to the various depots.
A total of 1,123,984 volume of Dual Purpose Kerosene (DPK) was distributed to the depots, while 204,190 volume of Aviation Turbine Kerosene (ATK), was distributed during the said period.

The department also stated that 78,857 volume of Low Pour Fuel Oil (LPFO) was distributed to the depots, while 14,435 volume of Base oil was distributed to depots nationwide. The department, during the period under review cleared a total number of 616 vessels.
As regards crude oil, the report showed that the department received 22,218,774 bbl of crude oil while 23,225,899 bbl were processed. The figure represents about 15.63 % of the total installed crude oil processed capacity nationwide, which is 445,000 bpd.

The total number petroleum storage facilities are 76. Further breakdown showed that NNPC has 23 depots, major marketers -- 24, while independent marketers have 29 depots. However, 3 depots were just completed, with 10 under construction. Two other depots, according to the report were constructed without approval.
The department also disclosed that the capacity utilization of the refineries figures has been affected immensely by the unrest in the Niger Delta, which has led to vandalization of crude lines. Those affected are the Kaduna and Warri refineries which have shut down during the period. The Escravos-Warri pipeline that was vandalized on February 24 last year is yet to be repaired.

Source: This Day
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