The Nigerian National Petroleum Corporation (NNPC) has said that the country does not have the financial capability to build new refineries.
On Monday, Mele Kyari, NNPC Group Managing Director, cited the economic situation of the country.
Kyari spoke to reporters on the controversy generated by the proposed rehabilitation of the Port Harcourt refinery.
He explained that a new refinery would cost about $10billion, while the planned renovation would gulp $1.5billion.
The MD said if the government decides to construct a new facility, petroleum products, especially Premium Motor Spirit (PMS) will be imported for another four years.
“A new refinery will take four years to commence production. It is around $7billion and $12billion dollars to construct a refinery of this nature,”
He said.
Kyari stated that estimates in public space are inaccurate and do not take other factors into account.
The NNPC chief mentioned “an additional 25 per cent cost for construction battle-limits” to the 7-12 billion dollars.
“You cannot build a refinery at any cost below these amounts. The option you have is to scrap and build a new one; we all know that we don’t have that resource,”
He stated.
Kyari added that the last turnaround maintenance of the Port Harcourt refinery was done two decades ago.
He linked the current high cost of rehabilitation to poor maintenance of the plant over the years
This is serious
Wow, that’s not good
Wow
Okay
Really
Okay
Okay
Everything high
Hmmmmm????o
Thanks for the update
Ok
Great
Good
Realy
Normal
gud
Kk
Serious
Hmmmm
Yes
That okay
Really
This is nice
This is nice
Yes
Okay
Sa la
Hmmm
Thanks for the update
It’s well
Okay
Nice
This is nice
Hmmm
ok
Okay
This is a serious case
Okay
Okay
Kk
Hmmm
This is a serious matter
This is serious oo
Yes
Too bad
Coolest
Look like
Wow
OK
Abi oo oo?
Haa why?
Bravo
This is bad.
Okay
Ok
Nawaoo
Idiot
OK
Good news
Nigeria
You need na
Very bad
Sure
It’s okay
Okay ???
good
Nice one
Wonderful
Thanks for the update
Wow!!
That’s nice
Ok
Mother’s
U na try
Fantastic
Great
Good one
They should look for some we’re to borrow
Really
Abi oo
Really
Abi
Please keep on the good work
???
So much interesting.
Yes
??
Hmmmmmmmm
God help us
This is serious
??
So serious
Ok
That is very nice
Great one
No be only
Hmmmmmmmmmm
Abi
Nice
This is serious
African. Okay
Wow
Hmmm, Africa
Wahala
Ok
Na so bring out the money world people.
Really
Hmmmmmmmmmm
Wow
Hdhdjj
Yes
Use
Abi o
Better
Oga ooo
Good luck
Hehdjjjdje
Stupid
Wow ,like seriously I wonder wat happened to the one we had
Buhari sef
But you’re Marking money now
Yeah
Nigeria is our country
Like seriously; very serious…..
Wow
Better
Stop deceiving your selves,
Plzzzzzz
Serious
Okay
Hmm
Like seriously
They should borrow money for that too
Is that so?
Ok
Really so which money do you have
Interesting
Nigeria unend problem
We Don’t Have Money To Build New Refineries Now – NNPC MD Kyari Reveals
This is baad
Awesome,a wonderful update keep it up
Good but can it work
Good
This is fucking serious
Yes
Thanks ?
K
Haha
So much interesting.
Wow ??
financial capability to build new refineries.
On Monday, Mele Kyari, NNPC Group Managing Director, cited the economic situation of the country.
Good
Really
It’s serious.
??
Really.
Like seriously
Good
Unifby
Tuuhjs
Toto
Okay
Hmmm
Mmmmh ??♂️
Like seriously
Nice
Okay
Lapyy
Hmmm
This is serious
Really
How
Nice 1
Lol
Bad
Very crucial
hmmmm
Wow this is so unbelievable
Okay
Minimum wage
This country no get head
Like seriously
You don’t mean it
Good
GOOD
Hmm
Hmmm
Ok
Very very
Hmmm
Poor country
Serious
Rubbish running out
Okay
Okay
Hmm
Wow
Why don’t you have money
Awesome
Fgpls help
Yes
Hhhhhhhhhhh
Ajeh
…
?????????????????????????
Nawa ooo
Wow
Hmm.okay
What
NNPC can they do it
Really
Srs problem ⚠️
The Nigerian National Petroleum Corporation (NNPC) has said that the country does not have the financial capability to build new refineries.
Nice
Yea
Good
Good
U sure
Good
Nonsense talk the country is just useless
Wow
Can’t believe these
Sufficient
yeah
Naja
This govt. Will borrow money for consumables, for spending but not for capital production. God help us.
This was so cumbasom though but it if we try to do it it will generate more income for the nation.
Seriously
Okay
It is bad
Yeah
Nhdjkjjdjdjhj
Grace
Okay
That is good
Seriously
Serious
Okay
Ok
May God help
Nice update
Okay oo
Hi
Yesy
Yesy
That’s sad
Hmmmm Nigeria
Oga o
Oga oOoo
This is serious
Okay
Hmmmmm
Just like that
Happy new day
Ok
Mad ooo
Cool
?
They
Okay
Climaxtread all the way
Rgghg
Gffc
Gffc.vc
Lol
Hmmmm nice update
I like this
False
Okay
Hmm
Huh
Seriously?
I think I’m the first to comment
Not bad
Any way
Nice
Ok
I like that very well if Nigeria is like that very where for good for us
Tar wase man u hide ase
Looters, Self-centered individuals with no progress of the country in mind
I like that very well
Hmmm, Africa
?
This is a bad country
??
Great idea
Waoow
God help us ooo
Wow
DAT is not good
See stanminar
Na lie
Y will they not b money to build refinery in a country
We Don’t Have Money To Build New Refineries Now – NNPC MD Kyari Reveals
??g
Hmmm
Oh
Ok
Story
Hahaha
That
Good
Ok
good
Wow
Damn
Good
Na so una dey talk
On God ????
Really
What is dey
U people í ½í±¨âí ½í±¨âí ½í±¦ done finish our de say money no de
Good
I think I’m the first to comment
Ok
Ok
Ok
Hmm
So unbelievable
waw ooo
Thanks for the news
Nice
Hey
Super story
Imaging
Okay ooooh
Better
OK
Scam
Niger oooo
Okay
Wow
Wow
That will cost us a lot
that is a fact
Waqar
good
Okay
Okay
Good
Are you sure of what you are saying?
It is well
Let God provides for them to do new refinary
Nawa oo
When all as been used for wardrobe allowance lol
ok
Okay
Good
Ok
Kk
Ok
Nice
It’s alryt
good one
Very well
??????
No ghkmgf
Yy
Cool
Nice
Hmmm
Good
Good
Okay
Nice one
Good
Hj
Okay. Hmmmm
Bbhkko
Ggvvjit
Hhgfdguiiikt
Uhjjiuss
Zgfer
Jjjhfu
Jjjjdfhio
Great
Vvc
Gggji
Vjhf
Hhjkiz
Jbhfdz
Thhi
Bbjkjhv
Unbelievable
Tar wase man u hide ase
I’m still confused about the price of fuel please talk about it
Tar wase man u hide ase
Yo
Wow
ok
No problem
Really so which money do you have
Okay
OKAY
Alright
We need more of good news
Könibajè?
My amotekun officers?
were is our money?
just like thatthat abi
Nice
One
Well
Done
Good
Job
Nice
One
Well
Done
ok
Ok
Like seriously
We need it
Like serious
Good news
Nice
great one
good
were confuse
Wow
Hmm
Cool
Really…
Hafyqjagajaga
Really?
Long Long climax rrend
Alright
Cool
hmmm
???
????? chai, this people ehn, you can’t have it…..
OK ooooo
U
Try
Woah???
Ohh
Good question
J
Oklg
They should look for money
Good
Ok
Good
good
Nice one
good
Good
Then why even bother building one
Is it really so
It’s noted
Good reaveal thanks
Hmm
Okay
ABI
Nice
Wow
Cool
Ok
OK
hmmm
What did they use the country money for
Ok
goooooooood
Ok
Abeg ooo
Not possible
Happy
Is only God that can help us in this country
Hi
All Nigeria government are scammer’s
Okay
Good
Good
It’s okay.
Okay good
Good
Nice
Ok
How I that possible money shouldn’t be a problem cus there is money in Nigeria
Ok
There is money in Nigeria but I guess the money is too low in quality to made things purchasing.
Hmmm
really
Wat did you used d money for
Hmmm
See wahala like waiting again
This country don tire me
OK
Great
okay
Kk
okay
E choke
Good
Great
Cool
Nice
Interesting
Nice one
Ok
Why it Very rough
Good update
Okay
Good update
Thanks for update
Thanks for updating
Cool
look àt
???
????????
Kk
Alright
Alright
Good
Nice
Nice
Okay nice
Nice
Good
Okay
No possible
Serious
Okay
Wow oo
Really, does Nigeria have money to ever do anything?
Hmmm
Okay
Thanks for this information
awsome
Where is all the money in this country going
Wow
Hmm
Noted
Cool
So all this billion dollars for just renovation wow.
The news is good
Nigerians and money
Laos lala
lalasticlala
?
You say
Okay
Na so
Yeah
What a shame
Hello ??
Really
What ever
If u say so.
So there is no money is Nigeria again
That is true
Okay ooo
Okay
Cute
Abi
Good
Good
Na wa ooo. The ones you have embezzled unko
Nice
Okay
OK
okay
Toh
Amazing
That’s serious
N
I
C
E
Hmmm
Oya now
Intresting,this is serious ooo
May God help us
OK cool
seriously
Good
G
O
O
D
T
H
N
A
K
S
We pray so oooooo.
Great
Wow?
Good.
????????????????
coop
Nice
Woooow ?
OK o
Is them that know ohh
Hmm
Ok
Okay
Or
Thanks
Good to know
Good to know
I love you Catherine
Good thanks for the update
Thank ooo
Wow
Fantastic
There is a problem
What about asu rock
Please what did he reveal
Did Buhari landed to USA
I like u guys
That’s good
Good
Okey
There should be a way to source for fund
Rubbish
Kkk
Say
NNPC WHY
This is really bad
Dis pple can lie
Acama
Really
Nice
Please do better things with money for now
Normally
hmm
That’s a big lie
Yeah
Everything is in hand of god in this country
kkkkk
Okay
Nice update
This
⚓⚓⚓⚓⚓???⚓⚓⚓⚓⚓???⚓⚓⚓⚓⚓???
Hhhhn
How come
Why will they be able to build when they now,the construction will make subsidy of fuel reduce by mean no more awoof money.again
Very good
Excellent
ok
Up claxmatrend
What’s wrong
But you have the one tou can steal
Looking forward
What’s wrong
Kk
Nie☺☺☺
Nigerian na joke nii
Scatter
Chaos
Alrt
Cool
The Nigerian National Petroleum Corporation (NNPC) has said that the country does not have the financial capability to build new refineries.
?Really? ?
In all the money our government have we can’t build a refineries
Wahala
https://lovecointoken.com/?ref=MzMzNjg2JjE2MTUxMDYwNTA
Okay nigeria
Okay no wahara nah
Ok
Nice
Alright
We don hear
love this
Okey nau
Ok no problem
Good
Okey nau
Mad ogj
Great
OK oo
Igreat
Because there is no money to build a new refinery is that a reason for the hike in fuel prices????
Ok
Great
Great update thanks for the information
Good
Awesome
Good update
Kyari spoke to reporters on the controversy generated by the proposed rehabilitation of the Port Harcourt refinery.
He linked the current high cost of rehabilitation to poor maintenance of the plant over the years
So serious
Must you build it
nice one
dis country sef
Dis
Country
Self
I support you
Ok
So serous
Okay
So serious
Nigeria have such money
Wow!!!
So the government are
Trying to tell us dat they
Don’t av money to fund another
Refineries
No money??
Money
No de
One nigeria na scam
Great
They should provide our money
serious mind
Good
Good
Hmmm…
Kk
Ok
Alright
Where did you keep the money
Ok
Great
with all the crude oil sold so far
But soon you will hear of few individuals looting above the said amount from Nigeria. There is God?
hmmmmm.??????????????????. I believe in seeing
Then go and borrow money
Thanks for the update
Update
Cool money
Alright
Kkk
Nice
???,nice me,oga oo.
Really
Okay oooo
Ok
Okay
Leave
Hmmm okay
Okay
No yawa
Lol
Hmmm ooo
Hmm
Nice update climaxtrend