Oil & Gas
By Anthony Isibor
THE Nigerian National Petroleum Company Limited NNPC Ltd on Tuesday disclosed that the Port Harcourt refinery has commenced production after a long period of rehabilitation.
Disclosing the new development on its X handle @nnpclimited on Tuesday, it also noted that the “PortHarcourt Refinery truck loading starts today, Tuesday.”
Realnews reports that with this new development, brings to an end the refurbishing of the long-awaited Port Harcourt Refinery which is expected to help increase refining of petroleum products in the country and also drive down price of petrol.
As one of Nigeria’s largest refineries, the Port Harcourt Refinery is also expected to play a key role in reducing the country’s dependence on imported refined petroleum products.
According to reports, the refinery was shut down in March 2019 for the first phase of repair works after the government secured the service of Italy’s Maire Tecnimont to handle the review of the refinery complex, with oil major Eni appointed technical adviser.
In 2021, NNPC Ltd said repairs had started at PHRC after the Federal Executive Council (FEC) approved $1.5 billion for the project and on 21 December 2023, the Nigerian government announced the mechanical completion and the flare start-off of the refinery.
A.I
Nov. 26, 2024
Tags: NNPCL Portharcourt refinery
