Lokpobiri Questions Production Status of Nigerian Refineries Amid High Fuel Prices
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What happened
Heineken Lokpobiri, the Minister of State for Petroleum Resources, stated that the Nigerian National Petroleum Company Limited (NNPCL) must account for why the Port Harcourt, Warri, and Kaduna refineries are not producing refined petroleum products. Lokpobiri noted that the state-owned refineries are reportedly losing money on maintenance, having absorbed between N23.84 trillion and N33.11 trillion over the last two decades. He added that new partnerships are being negotiated with Chinese companies to invest in rehabilitation projects.
From dailypost.ng
Why it matters
The failure of the national oil company's refineries impacts Nigeria's energy supply and contributes to the country's cost of living. Lokpobiri's comments came as Nigerians were purchasing petrol priced between N1,395 and N1,450 per litre in Abuja and its environs.
From dailypost.ng
Who's involved
- Heineken LokpobiriMinister of State for Petroleum Resources who is questioning the operational status of national refineries.
- NigeriaThe sovereign state whose energy infrastructure is reportedly failing and whose citizens are facing high fuel costs.
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The entities involved
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Heineken Lokpobiri
Nigerian politician
Nothing else this week.
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Port Harcourt
capital of Rivers State, Nigeria