Nigeria runs out of crude

The Nigerian Government on Wednesday admitted that it had no more crude for its refineries to process for local consumption. The effects of militancy in the Niger Delta in Nigeria and the Federal Government’s clampdown on them have shaken the foundation of the oil and gas industry in that country.

Consequently, the Warri and Port Harcourt refineries have been shut down. The Kaduna Refinery, though functioning, has no crude to process because the Warri plant, which feeds it, is shut down due to damages to major pipelines.

The only stock, which was reserved, will be exhausted in the next 15 days, the Nigerian National Petroleum Corporation (NNPC) said on Wednesday, according to the Guardian newspaper.

The corporation’s Group Managing Director (GMD), Mohammed Sanusi Barkindo, who painted the pathetic picture of the industry, said in the next 15 days, it will run out of crude for domestic consumption.

Africa News