• Three refineries produce 44m litres of petrol in July

    Three refineries produce 44m litres of petrol in July

    Despite the efforts to increase local refining capacity to conserve foreign exchange Nigeria’s three refineries could only produce 43,743,273 million litres of petrol in July.

    This means, the country’s forex request for imports of petroleum products, which currently stands at 35 percent will further increase in the coming months, unless something drastic was done about the state of the refineries.

    The refineries located in Port Harcourt, Warri and Kaduna, has a combined daily refining capacity of 445,000 barrels of crude oil per […]