The Petroleum and
Natural Gas Senior Staff Association of Nigeria has opposed the sale of the
Nation’s refineries as suggested by the Independent Petroleum Marketers
Association of Nigeria.
The National Public
Relations Officer, PENGASSAN, Emmanuel Ojugbana, said in a statement on Sunday
that the suggestion was a fraudulent way of stripping the country of its
national assets.
He noted that the proof that the refineries were functional
and profitable was revealed in the net profit of N11.2bn made by the Port
Harcourt Refining Company in December 2014, which exceeded the November 2014
results by N8.2bn or 250 per cent.
He added that the
improved financial performance was attributed to the phased rehabilitation
programme embarked upon by the workers.
The union PRO lauded
the efforts of the government in ensuring that the four state-owned refineries
were back on stream.
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