February 2016

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Global: Reforms will shape future of Nigeria’s refining industry

Oil-rich Nigeria’s new presidential administration has announced several changes in the country’s oil sector, as it sets out to fulfill a pre-election campaign pledge by President Muhammadu Buhari to streamline the West African nation’s hydrocarbon industry.

Oirere, S., Contributing Editor

Oil-rich Nigeria’s new presidential administration has announced several changes in the country’s oil sector, as it sets out to fulfill a pre-election campaign pledge by President Muhammadu Buhari to streamline the West African nation’s hydrocarbon industry. Among the administration’s goals are the eradication of corruption and mismanagement that brought the country’s three state-run refineries to their knees. Port Harcourt Refining Co. (PHRC), Kaduna Refining and Petrochemical Co. (KRPC) and Warri Refining and Petrochemical Co. (WRPC) are chronically underperforming, with an average throughput of 64 Mbpd last year—or approximately 14% of their nameplate capacity. Nigerian National Petroleu

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