Corruption all over 258,810 Barrels of Crude Missing From Refineries –NNPC

The Nigerian National Petroleum Corporation, NNPC has said that 258,810 barrels of crude has gone missing from the Nation's refineries.

The crude was supplied to the refineries between April and May, 2015.

PUNCH reports that the NNPC said the crude was either wasted or illegally disposed. The report obtained on Friday specifically indicated that the Port Harcourt Refining 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.

Part of the report for April read, ''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 utilisation during the month was 0.00%, 0.00% and 0.00% for the KRPC, PHRC and WRPC''.

May read, ''This month, 54,090 barrels of Seplat crude oil were received by the WRPC.

''The PHRC and WRPC had an opening stock of 484,240 barrels, total crude oil available for processing was 538,330 barrels out of which zero barrel was processed. The respective average capacity utilisation during the month was 0.00%, 0.00% and 0.00% for the KRPC, PHRC and WRPC, respectively.”