{"id":23143,"date":"2022-07-04T16:23:10","date_gmt":"2022-07-04T15:23:10","guid":{"rendered":"https:\/\/sites.dundee.ac.uk\/energyhubplus\/?p=23143"},"modified":"2022-07-04T17:37:17","modified_gmt":"2022-07-04T16:37:17","slug":"car-2022-research-paper-by-lizabetha-agbakahi","status":"publish","type":"post","link":"https:\/\/sites.dundee.ac.uk\/energyhubplus\/2022\/07\/04\/car-2022-research-paper-by-lizabetha-agbakahi\/","title":{"rendered":"CAR 2022 \u2013 Research Paper by Lizabetha Agbakahi"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-text fusion-title-size-four\"><h4 class=\"fusion-title-heading title-heading-left\" style=\"margin:0;\">Petroleum Refineries in Nigeria: why do they perform so poorly?<\/h4><\/div><div class=\"fusion-title title fusion-title-2 fusion-sep-none fusion-title-text fusion-title-size-four\" style=\"--awb-text-color:var(--awb-color5);\"><h4 class=\"fusion-title-heading title-heading-left\" style=\"margin:0;\">Summary<\/h4><\/div><div class=\"fusion-text fusion-text-1\"><p>In common with other countries around the world, the productivity and performance of refineries in Nigeria over time has been far from spectacular. Different explanations have been given for this phenomenon, including government intrusion in product pricing regime leading to under-recovery, lack\/delay in turnaround maintenance (TAM), and pipeline vandalization. This research paper analyzes the root causes of the persistent low performance of this government refineries and indicates that the underperformance of these refineries in Nigeria was largely attributed political interference in the price of Premium Motor Spirit (PMS) via subsidy and the average capacity utilization of these refineries of just 15%, a figure that is critically low. In the context of the above, this paper argues in favour of remedial policy solutions centred on the recapitalization of these refineries via their complete or partial privatization.<\/p>\n<\/div><div style=\"text-align:left;\"><a class=\"fusion-button button-flat fusion-button-default-size button-custom fusion-button-default button-1 fusion-button-default-span \" style=\"--button_accent_color:#ffffff;--button_accent_hover_color:#ffffff;--button_border_hover_color:#ffffff;--button_gradient_top_color:var(--awb-color5);--button_gradient_bottom_color:var(--awb-color5);--button_gradient_top_color_hover:var(--awb-color4);--button_gradient_bottom_color_hover:var(--awb-color4);\" target=\"_blank\" rel=\"noopener noreferrer\" title=\"View The Document\" aria-label=\"View The Document\" href=\"http:\/\/sites.dundee.ac.uk\/energyhubplus\/wp-content\/uploads\/sites\/195\/2022\/07\/CAR-2022-Lizabetha-Agbakahi.pdf\"><i class=\"fa-file-pdf fas button-icon-left\" aria-hidden=\"true\"><\/i><span class=\"fusion-button-text\">View The Document<\/span><\/a><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,11],"tags":[],"class_list":["post-23143","post","type-post","status-publish","format-standard","hentry","category-cepmlp-annual-review-car","category-research-papers"],"_links":{"self":[{"href":"https:\/\/sites.dundee.ac.uk\/energyhubplus\/wp-json\/wp\/v2\/posts\/23143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sites.dundee.ac.uk\/energyhubplus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sites.dundee.ac.uk\/energyhubplus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sites.dundee.ac.uk\/energyhubplus\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.dundee.ac.uk\/energyhubplus\/wp-json\/wp\/v2\/comments?post=23143"}],"version-history":[{"count":1,"href":"https:\/\/sites.dundee.ac.uk\/energyhubplus\/wp-json\/wp\/v2\/posts\/23143\/revisions"}],"predecessor-version":[{"id":23144,"href":"https:\/\/sites.dundee.ac.uk\/energyhubplus\/wp-json\/wp\/v2\/posts\/23143\/revisions\/23144"}],"wp:attachment":[{"href":"https:\/\/sites.dundee.ac.uk\/energyhubplus\/wp-json\/wp\/v2\/media?parent=23143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sites.dundee.ac.uk\/energyhubplus\/wp-json\/wp\/v2\/categories?post=23143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sites.dundee.ac.uk\/energyhubplus\/wp-json\/wp\/v2\/tags?post=23143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}