The Federal Government of Nigeria has committed US$22m towards the heavy maintenance of the Tema Oil Refinery (TOR). This was revealed by a senior refinery official.
However, two weeks ago the refinery plant was handed over the remaining US$30m out of the initially requested US$67m to carter for the replacement of damaged spare parts on the refinery’s production units.
The funds delay forced the refinery to conduct semi-maintenance work on the Residual Fluid Catalytic Cracking (RFCC) plant, through the means of Internally Generated Funds (IGF) in order to replace some components of the faulty re-generating machine in the plant. As a result of the carried out maintenance the plant was able to commence the processing of residue into Liquefied Petroleum Gas (LPG) and gasoline.
Presently, the refinery plant is also working on submitting credit letters for the crude oil procurement to enable the resumption of production works at the Crude Distillation Unit (CDU) given that the overall maintenance is expected to be conducted beginning October to November this year.
