Grapevine

Sell NNPC refineries to fund modular plants, CORAN tells govt

The Crude Oil Refiners Association of Nigeria made the call for the sale of the refineries in an interview with Sunday PUNCH, saying that it is the only way out of the incessant fuel crisis in the country.

Since over a month ago, Nigerians started to experience fuel queues in filling stations even as the pump price rose to as high as N1,000 per litre in some areas.

Despite promises by the NNPC, the queues have refused to disappear, and this keeps impacting the cost of transportation,

CORAN Publicity Secretary, Eche Idoko, expressed concerns that the Federal Government has expended over $1bn to rehabilitate the Port Harcourt refinery, yet the facility has yet to start production despite six postponements.

Idoko argued that the fuel queues would not go away unless the country starts refining its crude locally.