Oil & Energy
Refineries Fail To Account For N2.44bn Crude -NNPC
Authorities of the Nigerian National Petroleum Corporation (NNPC), have disclosed that the nation’s refineries wasted or illegally disposed of 258,810 barrels of crude which they received for processing in April and May this year.
Petroleum information report shows that the refineries received the crude oil for the two months, but failed to produce any refined product during the period.
According to the report obtained on Friday, the Port Harcourt Refinery Company, Kaduna Refining and Petrochemical Company Limited and Warri Refining and Petrochemical Company Limited, which received the crude, could not account for the supplies for the period.
The corporation stated in the report that the refineries received 204.720 barrels of crude in April and failed to churn out anything for the month.
It also showed that Warri Refining and Petroleum Company which got 54,090 barrels of crude in May, did not also process anything for the month.
As of Friday, the price of crude oil was $47.96 per barrel and going by this, the cost of the 258.810 barrels of crude oil supplied to the refineries in the two months amounts to $12.41 million.
The report stated that in April, the three refineries received 204,720 barrels of crude oil and had total opening stock of 1.164 million barrels of crude.
In the same month, the total crude available for processing was given as 1.369 million barrels, but nothing was processed by the national oil firms in April, the NNPC report stated.
While detailing the operations of the refineries and their various crude balance for April, the NNPC said, “This month 204,720 barrels of crude oil and slop was received by the three refineries, KRPC, PHRC and WRPC.”
With an opening stock of 1.164 million barrels, the total crude oil available for processing was 1.369 million barrels out of which zero barrel was processed. The respective average capacity utilization during the month was 0.00 per cent, 0.00 per cent and 0.00 per cent and 0.00 per cent for the KRPC, PHRC and WRPC respectively.”
It said although only the WRPC received crude, 54,090 barrels in May, the Warri Refinery and Port Harcourt Refinery had combined opening stock of 484,240 barrels of crude for the month under review.
The volume of crude that was available to them for processing was 538,330 barrels, out of which nothing was processed.
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Digital Technology Key To Nigeria’s Oil, Gas Future

Experts in the oil and gas industry have said that the adoption of digital technologies would tackle inefficiencies and drive sustainable growth in the energy sector.
With the theme of the symposium as ‘Transforming Energy: The Digital Evolution of Oil and Gas’, he gathering drew top industry players, media leaders, traditional rulers, students, and security officials for a wide-ranging dialogue on the future of Nigeria’s most vital industry.
Chairman of the Petroleum Technology Association of Nigeria (PETAN), Wole Ogunsanya, highlighted the role of digital solutions across exploration, drilling, production, and other oil services.
Represented by the Vice Chairman, Obi Uzu, Ogunsanya noted that Nigeria’s oil production had risen to about 1.7 million barrels per day and was expected to reach two million barrels soon.
Ogunsanya emphasised that increased production would strengthen the naira and fund key infrastructure projects, such as railway networks connecting Lagos to northern, eastern, and southern Nigeria, without excessive borrowing.
He stressed the importance of using oil revenue to sustain national development rather than relying heavily on loans, which undermine financial independence.
Comparing Nigeria to Norway, Ogunsanya explained how the Nordic country had prudently saved and invested oil earnings into education, infrastructure, and long-term development, in contrast to the nation’s monthly revenue distribution system.
Chief Executive Officer (CEO) and Executive Secretary of the Major Energies Marketers Association of Nigeria (MEMAN), Clement Using, represented by the Secretary of the Association, Ms Ogechi Nkwoji, highlighted the urgent need for stakeholders and regulators in the sector to embrace digital technologies.
According to him, digital evolution can boost operational efficiency, reduce costs, enhance safety, and align with sustainability goals.
Isong pointed out that the downstream energy sector forms the backbone of Nigeria’s economy saying “When the downstream system functions well, commerce thrives, hospitals operate, and markets stay open. When it fails, chaos and hardship follow immediately,” he said.
He identified challenges such as price volatility, equipment failures, fuel losses, fraud, and environmental risks, linking them to aging infrastructure, poor record-keeping, and skill gaps.
According to Isong, the solution lies in integrated digital tools such as sensors, automation, analytics, and secure transaction systems to monitor refining, storage, distribution, and retail activities.
He highlighted key technologies including IoT forecourt automation for real-time pump activity and sales tracking, remote pricing and reconciliation systems at retail fuel stations, AI-powered pipeline leak detection, terminal automation for depot operations, digital tank gauging, and predictive maintenance.
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