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            Government inaction ‘killing’ us, our children – Parents of 39 abducted students in Kaduna

            Heavy rainstorm wreaks havoc in Ilorin

            PDP receives 3,000 decampees from APGA, APC, other parties in Abia

            PDP receives 3,000 decampees from APGA, APC, other parties in Abia

            PDP clears Sokoto State LG election

            PDP governors meet in Benue over state of nation, party

            COVID-19: Active cases drop as NCDC discharges 217 patients

            Missing arms funds: SERAP wants Buhari to probe NSA, service chiefs

            Imo attacks: You are too hasty in your decision, Ibegbu tells Buhari

            Osun killings, not farmers/herders clash – Police CP

            Police confirms attack on former Sports Minister, Sango

            Government inaction ‘killing’ us, our children – Parents of 39 abducted students in Kaduna

            FG directs GoTv, Startimes to migrate to freeTv platform

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              COVID-19 vaccine not mark of the beast, accept it – Prophet Iginla tells Christians

              FG cautions Nigerians on COVID-19 third wave

              7 Odd Things That Happen To Your Body When It’s Cold Outside

              How Neuroplasticity Can Help You Get Rid Of Your Bad Habits

              Watch: 7 Tips On How To Start Working Out

              18 Realistic Ways To Become A Happier, More Chill Person In 2018

              What I’ve Learned From A Year Without Alcohol

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                Government inaction ‘killing’ us, our children – Parents of 39 abducted students in Kaduna

                Ogbomoso United to compete with Choice FC , Shagamu united, 9 others at group stage

                It is wrong to say prostitutes will not make heaven because I’ve introduced many to big pastors – Actress, Cossy Orjiakor reveals

                It is wrong to say prostitutes will not make heaven because I’ve introduced many to big pastors – Actress, Cossy Orjiakor reveals

                Wife of a farmer gives birth to Quintuplets after five kids in Oyo

                Wife of a farmer gives birth to Quintuplets after five kids in Oyo

                Amy Schumer Makes It Official With Her New Chef Boyfriend

                George Clooney Talks About His Love For Amal, And It’s Devastatingly Romantic

                ‘Walking Dead’ Star Danai Gurira Was ‘Absolutely Devastated’ After That Carl Reveal

                ‘Black Panther’ Lives Up To The Hype – And Then Some: HuffPost Verdict

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                  7 Netflix Tricks That’ll Change How You Watch Your Favorite Shows

                  Fitness App Strava Published ‘Heat Map’ Details About Secret Military Bases

                  YouTube Star Logan Paul Faces Outrage Over Dead Body Video

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                  Nigeria doesn’t have money to build new refineries – NNPC MD Kyari

                  Nigeria Standard by Nigeria Standard
                  March 28, 2021
                  in Featured-posts, News
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                  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.

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                  Nigerian Standard NG is managed by Akin Alade

                  Akin Alade is a journalist with over three decades experience. He has worked in both the print and broadcast part of journalism.

                  Nigeria Standard is a news platform where the standard ethics way of reporting is being followed strictly.

                  Akin Alade’s taste for quality reporting and editing is second to none and he always ensure he keeps to objective practice of journalism by balancing whatever reports he is publishing.

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