Business
Refineries: IPMAN Urges Increased Output Via Maintenance
The leadership of In
dependent Petroleum Marketers Association of Nigeria (IPMAN), has urged the Federal government to increase the production capacity and output of the nation’s four refineries through regular Turn Around Maintenance (TAM).
Speaking to The Tide recently at the Port Harcourt Refinery Depot, the factional President of the Association, Chief Chinedu Okonkwo said it is in the best interest of the country for the federal government to refurbish the refineries than an outright sale of such national assets.
Okonkwo reiterated the commitment of IPMAN under his leadership to partner with the federal government and relevant stakeholders to build more refineries to solve the perennial fuel scarcity experienced by Nigerians.
He said IPMAN will want the nation’s refineries to work on its full capacity through holistic commitment of the government’s policy in the oil and gas sector. Stressing that scrapping the nation’s refineries is inappropriate and not in the best interest of the country for now.
The factional IPMAN boss said that what the country need now are refineries equipped with modern technology for effective oil Petroleum Products
Okonkwo said “if the country through private initiatives has new refineries which are equipped with the latest technology, then the country can get 100 per cent of by-product of what is refined, stressing that in advanced countries with latest technology the emission level is very low to about two to five per cent with high yields of product.
He urged the government to open the system to private entrepreneurs who have the competent skill on how to make the refineries work better.
Philip Okparaji