The House of Representatives has resolved to conduct an investigative hearing on the decision of the Nigerian National Petroleum Corporation to shut down operations at the Warri Refining and Petrochemical Company.
He said the three main sections of the production department — reforming, crude distillation and catalytic cracking units — have operated for the past eight years due to the efforts of its personnel. Igbakpa expressed concern that the plant had severally shut down due to haulage challenges, neglect in the evacuation of products, lack of functional or operational storage tanks and poor maintenance culture on the part of management which also constitutes another reason for the refinery’s non-functionality.
Igbakpa noted that the resultant effects of this perceived economic sabotage is that the plant is brought down because no crude to refine as it has been diverted. The lawmaker said with the federal government officially confirming the return of fuel subsidy, as the Petroleum Products Pricing Regulatory Agency had on 11 March, 2021 fixed the pump price of petrol at N212.61 per litre for March, which the Minister of State for Petroleum Resources and NNPC have denied, yet petroleum marketers sell between N175 – N200 depending on the location.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
Source: MobilePunch - 🏆 8. / 63 Read more »
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Source: TheNationNews - 🏆 6. / 69 Read more »