NNPC Loses N10bn As Kaduna Refinery Stays Dormant
The Kaduna Refining and Petrochemical Company is still dormant with the Nigerian National Petroleum Corporation (NNPC) losing N10.96 billion.
This was revealed in NNPC’s oil and gas report for July where it noted that its group trading surplus dropped from N18.11bn in May to N7.15bn in June this year.
But the company made a positive 2018 year-to-date trading surplus of N69.31bn.
A further breakdown of the figures from the report indicates that the KRPC got 78,833 metric tonnes of crude in May and June 2018.
This did not, however, lead to any processing in the period with the capacity utilization given as zero percent.