The Kaduna Refining and Petrochemicals Company (KRPC), is now refining of about 60,000 barrels of crude per day following the rehabilitation of two of the company’s production lines.
The company said it was currently working with a target to release two million litres of petrol daily into the market by October.
The Managing Director of the company, Mr. Saidu Muhammed told THISDAY ON Friday that the company was on phased rehabilitation, with a target to hit 60 per cent of its local refining capacity, which is about 2 million litres daily, in the next few months, stating further that there is no reason why the company cannot achieve 6 million litres by early next year.
“We are doing alot at the moment to make sure that we achieve 80 per cent of refinning capacity.”
He assured that the KRPC’s production level would hit 90 per cent by the second quarter of 2016.
The company has an installed production capacity of 110,000 barrels of crude per day. The managing director said rehabilitation work on the remaining two production lines of the company would be completed by March 2016.
Freedom Online, however, quoted the Mohammed as urging the Federal Government to safeguard the oil pipeline from Warri to Kaduna from activities of vandals in order to sustain production.
According to him, vandalism remained a major threat to smooth transportation of crude to the refinery. Muhammed, therefore, advised the Federal Government to deploy military personnel to provide maximum security to pipelines in the area. The facility upgrade of the refinery, which started in October 2014 under the Jonathan administration, is to cover 18-months. From THISDAY Get the details
The following two tabs change content below.
Hello, I am Josh .S. Doye, the chief editor of this great blog. He is a freelance writer with an eye for detail; you can connect with him via the contact page on this blog. http://entrepreneurcreed.com/hire-freelancer/