Business
KRPC Produces 2m Litres Of Petrol Daily
The Kaduna Refining and
Petrochemicals Company (KRPC), says it is currently releasing two million litres of petrol daily into the market, as it resumed partial production.
The Managing Director of the company, Mr Saidu Muhammed said this in an interview with newsmen in Kaduna recently.
He said that the company, which was undergoing rehabilitation, would raise its production output to five million litres of petrol daily by March 2016.
Muhammed disclosed that two of the company’s production lines had been rehabilitated, thereby facilitating the refining of about 60,000 barrels of crude per day.
He assured that the KRPC’s production level would hit 90 per cent by the second quarter of 2016.
The Tide reports that the company has an installed production capacity of 110,000 barrels of crude per day.
The managing director said rehabilitation work on the remaining two production lines of the company would be completed by March 2016.
He, however, urged the Federal Government to safeguard the oil pipeline from Warri to Kaduna from activities of vandals in order to sustain production.
According to him, vandalism remained a major threat to smooth transportation of crude to the refinery.
Muhammed, therefore, advised the Federal Government to deploy military personnel to provide maximum security to pipelines in the area.
The Tide reports that the facility upgrade of the refinery, started in October 2014, was to cover 18-months.
The Tide further gathered that the work entails phased and simultaneous rehabilitation of all refineries in the country using in-house and locally available resources and manpower in line with the Nigerian Content Law.
“It also involved the use of Original Equipment Manufacturer representatives to effect major equipment overhaul and rehabilitation.’’
The Nigeria National Petroleum Corporation, last Wednesday announced that the Port Harcourt and Warri refineries had resumed full production after the phased rehabilitation.
development will also boost other businesses including the banking sector.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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