…Over 8mb unaccounted for
11 October 2017, Sweetcrude, Lagos – Nigeria refined a total of 835.58 million barrels, mb, of crude oil from 1997 to 2014, information from the Nigerian Bureau of Statistics, NBS, has shown.
According to the figures, the yearly domestic crude oil refining data from 1997 to 2014 showed that while 844.19m barrels of crude oil was received by the local refineries within the period, 835.58m barrels were processed, leaving a differential of 8.61mb unaccounted for.
NBS neither stated why the 8mb was not refined nor where it went.
A breakdown of the numbers showed that in 1997, approximately 80.473mb was received by the refineries while 78.002mb were processed.
In 1998, 52.422mb was received while 54.304mb was processed, showing an excess of over 2mb refined. NBS did not also state how the excess 2mb refined came about – whether it was a carry-over from the 1997 figure.
In 1999, the report showed over 65.979mb was received but 66.409mb was refined – an excess of over 1mb refined, which the the report also did not explain.
According to the report, in year 2000, over 36.189mb was sent to the refineries, but over 36.282mb was processed, with no explanation also as to how the excess crude came about.
NBS stated that in 2001, the refineries received over 82.579mb but could refine only 81.512mb.
Again in 2002, over 78.161mb was received, however, 79.579mb was refined.
While 42.745mb was received in 2003, over 44.812mb was refined.
In 2004, over 38.020mb was sent to the refineries while 38.026mb was refined. And in 2005, approximately 72.361mb was received but 70.637mb was refined.
In 2006, over 42.472mb was received, again, a higher amount over the 43.445mb that was refined.
The NBS reported that in 2007, over 18.191mb was received by the refineries but over 19.056mb was processed.
Figures for the other years are as follow: 2008 (45.533mb received, 39.265mb refined ), 2009 (19.393mb received, 17.746mb refined), 2010 (33.634mb received, 34.872mb refined), 2011 (40.406mb received, 39.408mb refined).
The figures for rest years showed that while approximately 33.595mb was received in 2012, 33.629 was refined; 2013 (36.193mb was received but 35, 233mb was processed); and 2014 (approximately 25.839mb received while only 23.360mb was refined.
Year-on-year growth in crude oil refining within the reviewed period, showed that in 1998, Nigeria’s refining capacity slid by -30.1 percent (%), in 1999, 22.1%; 2000, -45.4%; 2001, 124.5%, in 2002 dropped by -2.4%, in 2003 -43.7%, in 2004 -15.1%, in 2005 85.8%, in 2006 -38.5%; 2007, -56.1; 2008, 106.1%; 2009, -54.8; 2010, 96.5%; 2011, 13.1%; 2012, -14.7%; 2013, 4.8%; and 2014, -33.7%.