Saturday, 2 January 2016

Private Refineries To Function In Akwa Ibom

Udom Emmanuel, the Akwa Ibom state governor, has revealed that three private refinery operators will commence operations in the state.
However, the governor cautioned marketers against contravening the general code which he said, is punishable by law.
Emmanuel said: “Let’s not take things to the extreme. Yesterday no station was open in the state. I am of the view that if subsidy is removed, the interplay of market forces will bring down the price to
where it should be.”

Ibe Kachikwu, minister of petroleum, recently said that Nigeria will continue to import fuel beyond 2016.
Nigeria National Petroleum Corporation announced in June, 2015, that the four refineries – two in Port Harcourt, one in Kaduna and the other one in Warri would resume production.
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