Close Menu
  • Home
  • News
  • Politics
  • Health
  • Business
  • Education
  • Opinion
  • Lifestyle
  • Entertainment
Facebook X (Twitter) Instagram
The Meridian Spy
  • Home
  • News
  • Politics
  • Health
  • Business
  • Education
  • Opinion
  • Lifestyle
  • Entertainment
The Meridian Spy
Home»Business»Port-Harcourt Refinery Set to Comence this Month – NNPCL
Business

Port-Harcourt Refinery Set to Comence this Month – NNPCL

meridianspyBy meridianspyJanuary 6, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Refinery
Share
Facebook Twitter LinkedIn Pinterest Email
Share
    

Share!

  • Share
  • Tweet

 

The NNPCL has stated that a test run on the 60,000-bpd refinery in Port-Harcourt will be completed this month ahead of the full resumption of work later.

 

The Spokesperson for the NNPCL Femi Soneye stated this yesterday. According to him, “Testing will conclude shortly, ensuring the refinery’s efficient operation.

That phase will be completed this month”The refinery, currently undergoing repair works, is set to commence operations at an initial processing rate of 60,000 barrels per day.The NNPCL anticipates achieving its maximum capacity of 210,000 barrels per day later in the year.

The Port Harcourt refineries are part of the state-owned refineries in Nigeria that have remained moribund for several years. However, the government is making efforts to revitalize these refineries as part of a strategy to reduce the nation’s dependence on imported refined products.In December, the NNPCL announced the successful completion of the Area 5 section of the Port-Harcourt refinery, including the mechanical completion and flare start-up.

In March 2021, the federal government approved a $1.5 billion contract to repair the 210,000-barrel capacity Port-Harcourt refinery. The rehabilitation project, entrusted to the Italian company Tecnimont SPA, was slated to unfold in three phases spanning 18, 24, and 44 months.

Also, the CEO of the NNPCL has stated that the second phase of repair works of the Port-Harcourt refinery will be completed by the fourth quarter of 2024.In recent years, Nigeria has sought to end the importation of petroleum products as a measure to detach fuel prices from the volatility of the forex market and also keep prices under control.

READ ALSO  2027: It’s Time to Compensate Tinubu for What He Did for the North - Bichi

The 650,000 bpd Dangote refinery is part of the FG’s strategy to end fuel imports coupled with refineries in Kaduna and Warri which are billed to resume operations before the end of 2024.Since the removal of the fuel subsidy in June, petrol prices have soared by over 200% thereby increasing transportation costs for the average Nigerian

Related posts:

  1. COVID-19: Suspend Stamp Duty, Reduce PMS Pump Price, Says Atiku
  2. Nigeria Government Seals Deal To Import Fuel From Niger
  3. Buhari receives CBN Governor at State House
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
meridianspy

Related Posts

2027: It’s Time to Compensate Tinubu for What He Did for the North – Bichi

October 27, 2026

We’re Not Responsible for Hunger in Nigeria, PDP Fires Back at APC

October 27, 2026

Why Nigerians’ Data Finishes Fast – MTN

October 27, 2026
Search
Recent Posts
  • MNI Versus MNIPR in NIPSS: A Concerned Review of Yushau Shuaib’s Thought-Provoking Book, By Sunny Ibeh Jnr
  • 2027: It’s Time to Compensate Tinubu for What He Did for the North – Bichi
  • We’re Not Responsible for Hunger in Nigeria, PDP Fires Back at APC
  • Why Nigerians’ Data Finishes Fast – MTN
  • Toluwanisings’ Family Suspends Burial, Demands Probe Into Singer’s Death
  • NBBF President, Dr. Mustapha Abdullahi, Welcomes Sam Ahmedu to New Board
  • 2027: OK Movement Faults NDC Campaign Council List, Questions Party’s Grassroots Structure
  • 2027: NDC Slams Tinubu, APC Over ₦1bn Worth of Prado SUVs for Youth Leaders
  • Okonjo-Iweala Loses Mother at 96
  • Trump Has Changed America’s Mood — Nicki Minaj
  • NDC Sacks Borno Assembly Candidate Over Alleged Support for Atiku
  • NBBF President, Dr. Mustapha Abdullahi, Mourns Veteran Basketball Coach Lancaster 
  • Kaduna Ready As Tinubu Arrives For APC Presidential Campaign Flag-Off
  • BREAKING: Nollywood Actor Francis Duru Dies At 57 
  • Atiku Demands Publication of 103 Million Voters’ Register Ahead of 2027 Election
Categories
  • Business
  • Crime
  • Education
  • Entertainment
  • Environment
  • Foreign
  • Health
  • Investigations
  • Labour
  • Lifestyle
  • Metro
  • News
  • Opinion
  • Politics
  • Security
  • Sport
  • Technology
  • World news
Access Bank DiamondXtra Season 16 Rewards
  • About us
  • Contact Us
  • News
  • Politics
  • Health
© 2026 All Right Reserved. Designed by Techjuno

Type above and press Enter to search. Press Esc to cancel.