The Senate on Thursday mandated its Committee on Downstream Petroleum Sector to carry out a holistic investigation on the turnaround maintenance expenditure and current state of the refineries in the country.
The resolution were sequel to a Point of Order raised by Sen. Yusuf Yusuf (APC-Taraba Central) during plenary.
It also mandated the committee to convoke a stakeholder’s conference with aim of finding best way to revamp ailing refineries in order to favorably compete in the international market within the shortest period of time.
The Senate also urged the Nigerian National Petroleum Corporation (NNPC) to completely evaluate the dilapidated state of the refineries or total overhauling and rehabilitation to international standard.
This, it said would save the country from further wastage of its meager resources.
Raising the point of order, Yusuf said that the NNPC had four refineries; two in Port Harcourt, one each in Kaduna and Warri with a combined capacities of 444,000…
Source: Vanguard Newspaper
