The sad state of Nigerian refineries leaves much to be desired.Recent revelations indicate the huge loss preexisting refineries are incurring, below is a financial record of the Warri refinery
WARRI REFINING AND PETROCHEMICAL COMPANY LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
RESULTS AT A GLANCE
2021 ₦’000
Revenue & Other Income 4,789,859
Loss before taxation (35,309,482) Taxation (11,975)
2020 ₦’000
5,216,719
(23,843,879) (7,489) (23,851,368)
(44,132,916) 444
Loss after taxation
Total Comprehensive income/(loss) for the year Number of employees
(35,321,457)
(19,633,060) 331
