• About Us
  • Contact Us
  • Privacy & Policy
Thursday, September 11, 2025
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
Advertisement
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
No Result
View All Result

Edo Refinery on Brink of Shutdown, Shortage of Crude Oil Supply Threatens Operation

Vincent Amadi by Vincent Amadi
August 12, 2024
in Economy
Reading Time: 2 mins read
A A
0
Edo Refinery on Brink of Shutdown, Shortage of Crude Oil Supply Threatens Operation
Share on FacebookShare on TwitterShare on WhatsappShare on EmailShare on Telegram


Management of AIPCC Energy Limited, which runs Edo Refinery and Petrochemicals Company Limited (ERPCL), said the country is running short of crude oil despite its 1,000 barrels per day capacity crude refinery operating at full capacity.
The company said Edo refinery is yet to receive supplies from the relevant authorities despite President Bola Tinubu’s directive to supply crude oil to local refineries.
Speaking to reporters in Benin City on Sunday, the refinery management said the company is facing significant challenges as the crude oil shortage continues.
Segun Okeni, a company executive, said the refinery is barely running at full capacity.
Okeni said the company has existing crude supply agreements with Seplat Energy and ND Western from 2022 onwards, but bureaucratic bottlenecks are preventing the refinery from accessing the much-needed crude feedstock.

“On 18th August 2021, our team led by our chairman, met with the NNPCL CEO and its top management team to discuss our intention to buy crude oil from NNPCL and we immediately wrote seeking crude supply, the letter was dated 22 July 2022,” he said.

“In July 2022, the representatives of NNPC (from HQ Abuja and NPDC Benin) visited our facility for site inspection and to confirm the mechanical completion of the Edo refinery.
“In September 2022, we were invited for a commercial negotiation meeting with the NNPC Head of terms, after which we sent a follow-up letter identifying the oil fields from which we can offtake crude oil.

“In March 2022, we also wrote to the Ministry of Petroleum Resources, informing it of our refinery status, future projects, and our challenges of lack of crude oil supply to our refinery.
“We had also written and had a meeting with the NNPC Exploration and Production Limited (NEPL) between November 2022 and March 2023, indicating our severe need for crude oil supply from oil fields where NEPL has equity stakes.”
However, Edo refinery officials said that despite these meetings, letters, and communications with NNPC over the past three years, no action had been taken regarding the crude oil supply issue. Looking ahead, ERPCL said NNPC and other crude oil suppliers need to develop loading infrastructure to allow trucks to be loaded.
On August 9, Dangote Oil Refinery announced that it had not received the 29 million barrels of crude oil allocated to it by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

Tags: business
Vincent Amadi

Vincent Amadi

Related Posts

Manufacturing and agric sectors decline threaten Nigeria’s industrialisation
Economy

Manufacturing and agric sectors decline threaten Nigeria’s industrialisation

2 weeks ago
FG launches initiative to cut overhead cost
Economy

FG launches initiative to cut overhead cost

3 weeks ago
Grant tax relief to media houses —Ex-NNPCL spokesman tells FG
Economy

Grant tax relief to media houses —Ex-NNPCL spokesman tells FG

3 weeks ago
Rice farmers blame middlemen for continuous price hike
Economy

Rice farmers blame middlemen for continuous price hike

3 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

NATIONS NEWS

Ex-NAPAC chairman to Natasha: Prove sexual harassment claim or resign from Senate
National

Senate Bars Natasha Akpoti from Resuming Despite Suspension Elapsing

19 hours ago
We need N3trn to complete NNPCL-funded road projects — Umahi
National

We need N3trn to complete NNPCL-funded road projects — Umahi

20 hours ago
FG, NUPENG, Dangote meeting ends in deadlock
National

NUPENG suspends strike as Dangote agrees to unionisation of workers

20 hours ago
2027: New applications for political parties’ registration now at 144 — INEC
National

INEC announces 3.5 million online pre-registration in ongoing CVR

2 days ago
Peter Obi, El-Rufai Granted Waiver Ahead 2027 Election
National

Update: ADC sets up disciplinary committee to resolve Abia leadership crisis

2 days ago
Tinubu may borrow from Moniepoint, Opay next – Dino Melaye
National

Tinubu may borrow from Moniepoint, Opay next – Dino Melaye

2 days ago

POLITICS

Peter Obi Can Return to PDP Without Wike Obstruction – Jacob Mark

Oyo PDP blasts APC protest over Makinde’s N300bn loan approval

20 hours ago
More governors set to defect to APC – Yilwatda

More governors set to defect to APC – Yilwatda

20 hours ago
Peter Obi, El-Rufai Granted Waiver Ahead 2027 Election

Update: ADC sets up disciplinary committee to resolve Abia leadership crisis

2 days ago
APC acting like terrorist organisation, says ADC over Lagos attack

APC acting like terrorist organisation, says ADC over Lagos attack

3 days ago
Breaking News: APC National Chairman Ganduje Resigns

Ganduje Denies Defection to ADC, Reaffirms APC Loyalty

4 days ago
Peter Obi Can Return to PDP Without Wike Obstruction – Jacob Mark

Nigeria slipping into full-blown dictatorship — PDP governors

5 days ago

YOUR ECONOMY

Manufacturing and agric sectors decline threaten Nigeria’s industrialisation
Economy

Manufacturing and agric sectors decline threaten Nigeria’s industrialisation

2 weeks ago
FG launches initiative to cut overhead cost
Economy

FG launches initiative to cut overhead cost

3 weeks ago
Grant tax relief to media houses —Ex-NNPCL spokesman tells FG
Economy

Grant tax relief to media houses —Ex-NNPCL spokesman tells FG

3 weeks ago
Rice farmers blame middlemen for continuous price hike
Economy

Rice farmers blame middlemen for continuous price hike

3 weeks ago
Naira appreciates against dollar on the weekend
Economy

Naira appreciates against dollar on the weekend

4 weeks ago
Largest shea butter refinery in Africa begins operation in Niger State
Economy

Largest shea butter refinery in Africa begins operation in Niger State

1 month ago

E & P

Lookman Wins Atalanta Player of the Month of September 2024
Sports

Siasia to Chelle: Rely on Lookman, Arokodare

by Steven Atogi
2 days ago
0

Former Nigeria coach, Samson Siasia has advised Super Eagles manager Eric Chelle to maximise Ademola Lookman’s set-piece ability and Tolu...

Chelsea Push £78m Fermin Lopez Transfer Bid

Chelsea Push £78m Fermin Lopez Transfer Bid

2 weeks ago
The Rise And Fall Of Sports Institute, Isaka

The Rise And Fall Of Sports Institute, Isaka

3 weeks ago
KTF Launches Free Youth Tennis Clinic in Port Harcourt

KTF Launches Free Youth Tennis Clinic in Port Harcourt

3 weeks ago
‘It’s a shame’ – Ex-Newcastle striker, Andy Carroll blasts Isak over transfer move

‘It’s a shame’ – Ex-Newcastle striker, Andy Carroll blasts Isak over transfer move

4 weeks ago
NPFL Suspends S’Eagles Goalkeeper Over Betting Allegations

NPFL Suspends S’Eagles Goalkeeper Over Betting Allegations

1 month ago

YOUR THOUGHT & HISTORY

HOW MR EAZI, OTEDOLA’S SON-IN-LAW, BUILT AN 18-COUNTRY EMPIRE
Opinion

HOW MR EAZI, OTEDOLA’S SON-IN-LAW, BUILT AN 18-COUNTRY EMPIRE

by Odini Brains
4 days ago
Mr Eazi and Temi Otedola: A Love Story That Traveled Three Continents
National

Mr Eazi and Temi Otedola: A Love Story That Traveled Three Continents

by Odini Brains
4 days ago
The Rise And Fall Of Sports Institute, Isaka
Columns

The Rise And Fall Of Sports Institute, Isaka

by Tammy Opoki
3 weeks ago
Tribute to Old Port Harcourt Boy (Peter Rufai)
Columns

Tribute to Old Port Harcourt Boy (Peter Rufai)

by Tammy Opoki
2 months ago
A Democracy Strained: Buhari’s Human Rights Record and the Repression of Dissent
Columns

A Democracy Strained: Buhari’s Human Rights Record and the Repression of Dissent

by Odini Brains
2 months ago

Who we are

Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history

Welcome to Umpire News, your go-to online newspaper dedicated to broadening perspectives and expanding the horizons of our numerous readers. Read more

Browse by Category

  • Columns
  • Economy
  • Editorial
  • Entertainment
  • International
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Trends

Recent News

Ex-NAPAC chairman to Natasha: Prove sexual harassment claim or resign from Senate

Senate Bars Natasha Akpoti from Resuming Despite Suspension Elapsing

September 10, 2025
Peter Obi Can Return to PDP Without Wike Obstruction – Jacob Mark

Oyo PDP blasts APC protest over Makinde’s N300bn loan approval

September 10, 2025
  • About Us
  • Contact Us
  • Privacy & Policy

© 2024 Copyright Umpirenews. All rights reserved

No Result
View All Result
  • Home
  • National
  • Economy
  • Politics
  • Sports
  • Entertainment
  • Editorial
  • Opinion
  • Columns

© 2024 Copyright Umpirenews. All rights reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
🤑Join & Get Our Easter Gifts 🤑

Enter your NAME & Email NOW!!

Be among the 1st 100 lucky WINNERS to win our Amazing GIFTs this Easter Period as you READ our Daily hot NEWs & make meaningful comments and follow us on our social media handles.

Name
Enter your email address