The Warri refinery

The NNPC in its monthly report for September revealed  that the combined value of output by the three refineries in Nigeria, Port-Harcourt and Warri  amounted to N9.9 billion for crude processed in September.

The report said that the associated crude plus freight cost stood at N6.3 billion, representing a loss of N8.8 billion after an overhead cost of N12.4 billion.

The report also indicated that 75.78 million litres was produced compared to 200.2 million litres in August in respect of products from domestic refineries.

It stated that the total crude processed by the three refineries in September was 261,371.14 bbls (35,648 MT) translating to a combined capacity utilisation of 1.96 per cent

According to the report, only Port Harcourt refinery produced 31,008 million MT of petroleum products, out of 35,648 million MT of crude processed at an average capacity utilisation of 5.77 per cent.

It said the petroleum product supplied and distributed into the country from Off-Shore Processing Agreements (OPA), stood at 763.90 million litres of white products against 701.29 million litres supplied in August.

The report said Dual Purpose Kerosene (DPK), receipt in September was 196.30 million litres compared with zero litres imported in the previous month.

It stated that 507.90 million litres of downstream petroleum products were distributed and sold by PPMC in September 2015 compared to 606.84 million litres sold in the previous month.

The report stated that the sale comprised of 456.81 million litres of PMS, 31.41 million litres of Kerosene and 19.68 million litres of diesel.

It stated that the total sale of white products for the period, January to September stood at 6.41billion litres, with PMS recording 5.08 billion liters or 79 per cent of the sale.