Nigeria has four refineries with a combined capacity of 445,000 barrels per day (bpd): one in the north at Kaduna and three in the oil-rich Niger delta region at Warri and Port Harcourt.
How many refineries are working in Nigeria?
There are currently five (5) refineries in Nigeria; of which four (4) plants are owned by the Nigerian Government through the Nigerian National Petroleum Corporation (NNPC), while the fifth is owned and operated by Niger Delta Petroleum Resources (NDPR).
Does Nigeria have a working refinery?
Refineries and Petrochemicals
The downstream industry in Nigeria is well established. NNPC has four refineries, two in Port Harcourt (PHRC), and one each in Kaduna (KRPC) and Warri (WRPC). The refineries have a combined installed capacity of 445,000 bpd.
How many modular refineries are in Nigeria?
In 2018, the federal government granted licences for 13 modular refineries.
Who Built Nigeria refineries?
The refinery was completed and commissioned by NNPC in 1989 at design capacity. After satisfying all local demands, extra products were exported efficiently. Design capacities for the three refineries are stated in Table 1.
Which is the richest oil company in Nigeria?
Shell Petroleum Tops as Richest Oil Company in Nigeria with US$388.4 billion (2018) in revenue.
Which refinery is the biggest in Nigeria?
Dangote refinery is a 650,000 barrels per day (bpd) integrated refinery and petrochemical project under construction in the Lekki Free Zone near Lagos, Nigeria. It is expected to be the Africa’s biggest oil refinery and the world’s biggest single-train facility, upon completion in 2020.
Which state has the highest oil in Nigeria?
Akwa Ibom State is the highest oil-producing state in Nigeria with 31.4% which produces 504,000 barrels of crude oil every single day.
Who buys Nigerian crude oil?
During 2020, Europe has been Nigeria’s main trade partner of crude oil. In the fourth quarter of 2020, the export value of crude oil to Europe amounted to about 853 billion Naira, approximately two billion U.S. dollars.
Who owns the oil in Nigeria?
Shell owns two, while Mobil, Chevron, Texaco, and Agip own one each. Shell also owns the Forcados Terminal, which is capable of storing 13 million barrels (2,100,000 m3) of crude oil in conjunction with the nearby Bonny Terminal.
How much does it cost to build a refinery?
Meanwhile, it would cost about $2 billion to construct 100,000 barrels per day (b/d) refinery plant. It is also estimated that there is a 650,000 b/d refining gap over the next ten years.
How much will it cost to build a modular refinery?
Specifically, how much does it cost to have a modular refinery? It depends on if you want to refine 1, 000, 2, 000, 3, 000 barrels per day. The more you want to refine at a given time the costlier the refinery will be. However, they range from $100m to $200m depending on the specification of what you need.
How do modular refineries work?
A modular refinery is a simplified refinery requiring significantly less capital investment than traditional full-scale refinery facilities. The initial process, or Crude Distillation Unit (CDU) allows for simple distillation of crude oil into low octane naphtha, diesel, kerosene and residual fuel oil.
Where is the oldest refinery in Nigeria located?
Nigeria’s first oil refinery, at Alesa Eleme near Port Harcourt, began operations in late 1965 with a capacity of 38,000 barrels per day, enough to meet domestic requirements at the time.
Where is Warri refinery located?
WARRI REFINING AND PETROCHEMICAL COMPANY LIMITED is located in Warri, Nigeria and is part of the Petroleum Refining Industry.
How many refineries are in Port Harcourt?
The Port Harcourt Refining Company operates two refineries. The old refinery with a nameplate capacity of 60,000 barrels per stream day (bpsd) and new refinery with an installed capacity of 150,000 bpsd. The two refineries bring the Port Harcourt Refinery’s combined crude processing capacity to 210,000bpsd.