The Chinese operated Soraz refinery in Nigeria is currently running at half capacity. The plant is now processing 20 000 bpd as it struggles to compete with regional pricing levels. The facility is 60% owned by CNPC and 40% by Niger government.
The Nigerian government is looking to spend US$ 1.6 billion on the turnaround maintenance of three of the country’s refineries. The three facilities are located in Port Harcourt, Warri and Kaduna. All work is expected to begin in January of next year and is taking place to make sure that the facilities can run at full capacity. The expected date of completion is sometime in October 2014.
Indian Oil Corp. Ltd has announced plans to aid Nigerian National Petroleum Corp in getting the company’s Port Harcourt refinery back to full processing capacity. The facility is running at 33% capacity at the moment.
Petro SA’s plan to build a mega refinery in the Coega Industrial Development Zone named ‘project Mthombo’ has been thwarded by energy experts. Experts have declared the project unviable as the port area lacks suitable infrastructure for construction and fuel transport after completion.
Edited from press releases by Claira Lloyd.