The Honorable Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has assured that Kaduna Refinery and Petrochemicals Company Limited, KRPC which is being rehabilitated will come on stream by the end of 2024.
The Minister disclosed this on Saturday while assessing progress of the quick-fix project of the refinery.
Lokpobiri said, he is confident that the refinery will be re-streamed by the end of 2024, considering the “significant level of progress” he has witnessed on tour of the facility.
The Minister stated that he will continue to hold key players involved in the rehabilitation process of the nation’s refineries accountable. He also pledged federal government’s support in ensuring timely delivery of the project.
According to the Minister, there is an urgent need to get the refinery back on stream for the nation’s economic prosperity as well as energy security, which according to him, are paths to sustainable development.
Earlier, the Group Chief Executive Officer of NNPC Ltd., Mele Kyari, reassured the Minister that the fuel plant of the refinery will be delivered by the end of 2024.
Kyari said that all hands are on deck to bring the refinery back on stream, stressing that the contractor has since mobilized to site and that the needed equipment for the quick-fix activities is already in place.
“We are very confident that we will get the appropriate financing to get to the end of it, and ultimately, we will start to deliver value to Nigerians again. We plan the quick fix for 60,000 barrels per day so that we can start making money from this plant and we can continue the other part of the refinery to bring it up to its full-fledged capacity. This will also tally with the completion of the Build, Operate, and Transfer (BOT) on the pipeline so as to have a reliable pipeline delivery infrastructure,” the GCEO stated.
The inspection tour, which was preceded by the 14th Refineries Rehabilitation Steering Committee Meeting, also had in attendance NNPC Limited’s Executive Vice President, Downstream, Adedapo Segun; Executive Vice President, Upstream, Oritsemeyiwa Eyesan; Managing Directors of the nation’s three refineries.