Productivity pattern of warri refining and petrochemical company (wrpc) limited: a principal component analysis approach

Ashiedu, F.I. and Izelu, C. O.

Crude oil is a natural endowment to the people of Nigerian. Hence, refineries were positioned to provide finished petroleum products to both domestic use and for export. Till date, Nigeria still depends largely on the importation of petroleum products for both domestic and industrial applications. The aim of this research work therefore, is to find out the possible causes of this downward trend in the productivity pattern of our Refineries using WRPC as a case study. A survey approach was adopted in this work using questionnaires. Experts in the oil and gas industries were briefed and debriefed on the purpose of the work. A data matrix of 35 by 50 was generated from the questionnaires administered. This data matrix formed was used as the input data for the principal component analysis (PCA) using statisti-XL soft ware. The PCA used facilitated the formation of the factor matrix, scree plot and the transformation matrix. The result of the study showed that regional insecurity, chronic vandalism, managerial constrain, government policies, epileptic power supply and dearth of infrastructural facilities among others were the major factors influencing to a greater extent the productivity pattern of the WRPC among others.

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