The onshore energy market is set to take a US$ 400 million loss due to an explosion and fire at the Co-op Refinery Complex (CRC).
An explosion caused a fire to break out on 24th December at the CRC.
The output of four domestic refineries fell by 75% in November 2013, according to the Monthly Petroleum Information (MPI) report released by the Nigerian National Petroleum Corporation (NNPC).
A total of 84 732 t of different petroleum products was produced by the four local refineries in November 2013, as compared to 359 524 t produced in October 2013. When compared to the refineries production of 555 278 t in 2012, refinery production fell by approximately 85%.
The government is set to launch a tender for the construction of an oil refinery in Bontang next month.
‘We are still preparing the terms of reference (ToR) for the tender and we will officially invite all interested firms to bid in mid-April’, Deputy Energy and Mineral Resources Minister Susilo Siswoutomo commented on Friday.
Also in India, Gujarat Gas Ltd has won a license to retail CNG to automobiles and piped cooking gas to houses in Bhavnagar and Bujarat.
Libya’s 120 000 bpd Zawiya refinery has cut production to approximately 65% of capacity however officials insist that this will not disrupt gasoline supplies for the local market.
Mohammed El Harari, spokesman for the National Oil Corporation (NOC), said the refinery’s production was now at approximately 80 000 bpd due to maintenance work.
Edited from various sources by Emma McAleavey.
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