Kaduna Refinery To Save Nigeria $5.33 Million Daily

Kaduna Refining and Petrochemicals Company (KRPC), will save about $5.33 million daily for the country when the refinery hits 90 per cent production capacity, the refinery’s manager in charge of production programming and quality control, Shehu Malami, has said.

Speaking at a two-day annual Energy Correspondents Workshop, themed “Development Communication: An Imperative for the Oil And Gas Industry” in Kano, Mr. Malami said KRPC, otherwise known as Kaduna Refinery, would soon hit 90 per cent production of its installed capacity.

PREMIUM TIMES gathered that the refinery operated at 60 per cent production capacity before commencement of the Turn Around Maintenance (TAM) in October last year.

Giving the breakdown on different petroleum products, the manager said the nation will save $1.892million daily on petrol alone.

“The impact of KRPC operations on the economy means that if the refinery operates at 90 percent capacity, it will save the nation $1.892million from importation of Premium Motor Spirit (PMS).