L
LequteMan
Guest
The Nigeria National Petroleum Corporation has revealed that the Warri refinery was on Monday shutdown and will soon be reopened for crude oil refining.
NNPC spokesman Ohi Alegbe said the decision to shut down the Warri refinery was taken because there was insufficient crude oil in the system, Reuters reports.
"They are supposed to have at least a 25-day sufficiency in the supply of crude. So because of the depletion in the volume of crude they have had to temporarily shut down," said Alegbe.
"It was shut down on Monday. This is a temporary measure and it should be up and running by Tuesday," he said.
The move comes a day after NNPC announced it had cancelled its contract for the delivery of crude to Nigeria's refineries.
The state oil company also said on Thursday it has reduced the number of off-takers that will emerge after a competitive bid for the proposed 2015/16 crude oil term contract to 16 from 43.
NNPC spokesman Ohi Alegbe said the decision to shut down the Warri refinery was taken because there was insufficient crude oil in the system, Reuters reports.
"They are supposed to have at least a 25-day sufficiency in the supply of crude. So because of the depletion in the volume of crude they have had to temporarily shut down," said Alegbe.
"It was shut down on Monday. This is a temporary measure and it should be up and running by Tuesday," he said.
The move comes a day after NNPC announced it had cancelled its contract for the delivery of crude to Nigeria's refineries.
The state oil company also said on Thursday it has reduced the number of off-takers that will emerge after a competitive bid for the proposed 2015/16 crude oil term contract to 16 from 43.
