Full List Of Functional And Non-functional Refineries In Nigeria

Full List Of Functional And Non-functional Refineries In Nigeria

A few weeks ago, the inauguration of the Dangote Refinery and Petrochemical Company marked a significant milestone as production officially commenced at the $18.5 billion facility on May 22, 2023. This event, celebrated with grandeur in Lagos, breathed new life into Nigeria’s dormant oil refining industry, which had languished for decades

The Dangote Refinery, now the largest in Africa, is poised to contribute significantly to Nigeria’s economy, projecting annual foreign exchange savings ranging from $25 billion to $30 billion. This development has sparked optimism that other refineries in the country may follow suit, revitalizing an industry that has long been dormant.

Presently, Nigeria hosts seven oil refineries, with only one operating at full capacity—the Dangote Refinery. The remaining six refineries face various challenges, hindering their operational effectiveness.

1. Kaduna Refining and Petrochemical Company (KPRC): Commissioned in 1980 with the mandate to supply crude oil products to Northern Nigeria, KPRC’s 50,000 bpd capacity at launch was expanded to 100,000 bpd in 1983 and further to 110,000 bpd in 1986. Unfortunately, the refinery has remained unused for over four decades.

2) Port Harcourt Refining Company (PHRC): Comprising both old and new refineries, PHRC, one of Nigeria’s major refineries, has failed to produce any petrol in the last decade. The old refinery, established in 1965, has a capacity of 60,000 bpd, while the newer facility, operational since 1988, boasts a quoted capacity of 150,000 bpd.

3) Dangote Refinery: Africa’s largest refinery, the Dangote Refinery, finally commenced production in January 2024 after unveiling plans in 2013 and overcoming various delays.

4) Warri Refining and Petrochemical Company Limited: Commissioned in 1978 with a 125,000 bpd capacity, the Warri Refinery currently produces no barrels per year.

5) Azikel Refinery: Azikel Group’s refinery aims to meet Nigeria’s growing oil demand with a projected capacity of 12,000 bpd. The proposed location is Yenagoa in Bayelsa State.

6) Ogbele Refinery: Located in Rivers State and owned by Aradel Holdings, the modular Ogbele Refinery operates at a capacity of 1,000 bpd.

7) Waltersmith Refinery: Developed by Waltersmith Refining and Petrochemical Company, the Waltersmith Refinery in Imo state commenced its phase one development in November 2020, with an initial capacity of 5,000 bpd.

The rejuvenation of the Dangote Refinery has kindled hope for the revival of Nigeria’s oil refining sector, potentially inspiring other refineries to overcome their challenges and contribute to the nation’s economic growth.