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Nigerians have expressed frustration as the Warri Refining and Petrochemical Company (WRPC) remains moribund despite the Federal Government spending millions of dollars on its rehabilitation.
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View all →Nigerians have expressed frustration as the Warri Refining and Petrochemical Company (WRPC) remains moribund despite the Federal Government spending millions of dollars on its rehabilitation. Former Group Chief Executive Officer of the Nigeria National Petroleum Company Limited (NNPCL), Mele Kyari, had on 30 December 2024, announced the resumption of operations at the refinery. Prior to that, the 125,000 barrels per day (bpd) capacity refinery, with an annual production capacity of 13,000 metric tonnes of polypropylene and 18,000 metric tonnes of carbon black, had been moribund for decades due to technical
There are concerns that Nigeria’s oil industry is facing significant challenges as more than 60 million barrels of crude oil remain unsold due to a growing global supply glut and weakening demand.
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