Refinery Economics ~ MMA

Normally, refineries across the world operate and run every day for 2 to 3 years (non-stop) after which such refineries are shut down for turn around maintenance for like 3 weeks to 6 weeks.

After which the refineries will be switched-on for continuous cracking and refining for another 2 to 3 years straight non-stop.

That's how refinery operates and make profit. Not when NNPC refinery works for 1 week and vandalized and shut down for 4 months!

We will not have meaningful development until we sort out electric power and incessant vandal problems in Nigeria. That's just the simple bitter truth.

In most countries, refineries run on uninterrupted independent power sources for two to three years.

The refining business continuous non-stop refining operations and with large crude oil feedstock volume to be profitable.

If you don't have a massive volume, and the refinery has to shut down every now and then, there's no way you'll make money. Many refineries in Africa are running at losses currently.